1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
I've been practicing the 2nd to the 5th one and to be honest, I've been making profit so far. What I've learnt from this post is believing in one's trading logic which I think I've never taking into practice and this have been making me make small profit because I cancel limit orders at times and after closing it, I always wish I had left it there. I hardly believe in my logic and I use to know if I had been using that logic, it will be working out fine for me.. This is a very good advice for traders.