"DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY"

DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY. Write down the specific market prerequisites (setups) that must take place in order for you to make a trade. Doesn't really mater what the methodology is, but you do want to make sure that you have a set of rules, market setups or price action that must appear in order for you to take the trade. You must have a game plan.

It could be as simple as this:
“My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: ‘How do I keep from losing everything?’ If you use the 200-day moving average rule, then you get out. You play defense, and you get out.” --PTJ