Is it possible to trade successfully and consistently as a day trader or swing trader? If so, what is the secret to doing so?

Is it possible to trade successfully and consistently as a day trader or swing trader? If so, what is the secret to doing so?

5 steps to build consistency as a day trader or a swing trader.

1. The rule of one - I have mentioned this before and this is one of the most impactful steps to take in your trading. If you want to build consistency as quick as possible, trade one segment and stick to one strategy.
2. Expectations - Your expectations towards the markets determines your results. Stop expecting to make money each trading day. It is causing you to make poor trading decisions. Instead, focus on building the right habits and consistency will follow.
3. Get specific - Your inability to clearly define your entry criteria, edge in the markets, is the root cause of your lack of consistency. If you want to build consistency as quick as possible, you need to get specific on the rules that determine your strategy.
4. Just do nothing - A crucial step for your to become profitable is to simply just do nothing. Once you have a clear set of rules that determine your edge, it’s then your job to only trade when you see those rules. The quickest way to profitability is to wait and do nothing.
5. Preparation - This is by far one of the most important steps to build consistency and staying consistent. Do not make the mistake of failing to prepare. Before each trading session mentally warm up and remind yourself of your exact process you need to follow.