This then bring me to the overlooked key to long term trading success which is ''Risk Management'' I know to some people this concept may not be as flashy as doubling your wins or make huge profit, but the truth and reality of the matter is that if your loses cannot be properly managed, you as a trader may not even last long to enjoy your wins.
Risk management is the number one thing every trader is supposed to know. Learn risk management and you won't be out of money for trading anytime. Risk management helps you as a defence and at times, defence is the best step to take than attacking. Risk management help more for long term trading and doesn't have much impact for short term trading because what this type of traders are always after are the quick profits without understanding the market and seeing other potential that the market has to give them in profits. Risk management and perfecting the timing of the market for your buy or exit orders is another expertise that you need to understand as a trader.