Once your fully understand the strategy, do some paper trading. Then test the waters. Fourth, make a commitment You cannot succeed in the market by making a half hearted effort. You must make a commitment to spend the necessary time to work your strategies, keep up with the market, and make your trades. If you sleep on the job, so to speak, the market can run over you like a freight train.
Diligence is the key word here.
Before you ever click the mouse to place an order, know how much you'll pay for the stock and at what price you will sell. Then stick to it. If you get greedy, you may win once, but you will often overreach and get burned. Be satisfied with the profit you expected, even if you could have made more on a trade if you had staid in longer.