Why = to make some money. How = well, let's look at what is already stated. 1. Trade first 30 min 2. Pick instrument with adequate range. 3. Set your risk parameter per trade. 4. Trade It doesn't get much simpler than this. Can you point out what issues or problems you see with this?
The only thing that stops a person making money, and continues to lose the person money, is the way the person thinks and acts. As your thoughts determine your actions, then it is very obvious that your thoughts are of the utmost importance. Of course, this is mere dribble according to to algofly and the rest of the clueless.
Time to move on. 5. Adequate range is of the utmost importance, as it is of no use trying to get milk from a bull. 6. Time is of the utmost importance, as certain times are much much better to trade than other times. 7. Timing is not the same as Time. 8. Everything can be broken down into smaller pieces, as the whole is always made up of the parts.
So far we have 8 points noted, some of which can be applied to any market at any time, but not all. When you decide on a specific path, then you must be aware of the shortcuts that you will encounter along the way, and which ones lead to nowhere. A few of the paths will indeed shorten the journey, so one must be able to choose wisely. One way to make these choices is to try and find others who have already taken many of these shortcuts, and who already know which ones lead to nowhere. The clueless will always take the first shortcut they meet, for obvious reasons.