This formula explains how and why successful traders make money.
S - Small losses (you must strictly control losses)
E - Extended Profits (you must let your profits run in order to give you big profits)
C - Consistency (you must have a method that you apply consistently)
R - Risk/Reward (This is VERY important:)
E - Edge (You must have an edge and understand it clearly)
T - Trade Plan (You must have a trade plan which translates your edge into a plan)
If you master the SECRET formula - you will become successful. If you don't then you are gambling, not trading.