The difference between being a consistently profitable trader and a inconsistent or losing trader is a fine line. To stay on the Profitable side of the line requires a trader to have mastered the many facets of trading, including planning plus employing robust risk and money management and be very structured in their approach to the markets, by having a pre-determined set of rules they will apply and adhere to at all times.

By developing a proven structured approach to trading, a trader starts to stand a chance of being profitable. By having structure, rules and plans helps the one tricky area of trading which is the Trading Psychology or Mindset aspect.