Method. Your strategy that inform you when to buy and sell. You need a set of rules to keep your decision process consistent at all times.
Money. Your risk management plan. It show how much you risk on any given trade or set of trades. How much you risk is far more important that when you decide to get in and out of positions.
Mind. An inability to acquire and maintain a proper trader strategy will cause 90% of failure. Discipline is something that most traders lack but is a very important part of the proper mindset.
Man. As human beings, our minds are naturally wired to fail at this game because the anger, greedy and lack of discipline. Trader have to maintenance the right thing to do.
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