At least you need two things to be successful in long run: 1. Edge 2. Money management First, if you don't know what's your edge (please, use some statistics.).. If you don't know, STOP. You are gambling without knowing your odd. Chances are you will lose no matter how you bet and trade. Then if you do have an edge, money management becomes very important. Thinking the more leverage you use, the quicker you make money? Go read Kelly criterion. You could lose if you don't bet the right size even you have an edge! If you understand what I am talking, you are probably there