As I have mentioned in past blogs that Trading is a “full contact, gladiator sport” ! The saying “ only the strong survive” was never more true than with trading. With that said, in all its harshness, there is a way to successfully navigate your way through the trading jungle. Like anything in life a solid system that is understood and followed will lead us to success. Trading is NO DIFFERENT. The challenge that most newbies fall victim to is not understanding how to cut out a lot of the market's noise. It's in that ‘noisy space” that most new traders fall and fail, never to return to the trading arena. On the other side of the coin you have Vet Traders that understand that the market is a noisy place, they use it to their advantage and they’re able to succeed simply by following a system in which opportunities come to them! They do not look for trades. They do not chase trades. And under no circumstances do they push trades based on their own opinion! They simply follow a criteria that they know (through back testing) works more often than not! Simply put, successful and consistent traders use a Trading Plan to weather the markets. It's in those trading plans that there are rules that are to be followed that are backed by discipline. A trading plan in this game is non-negotiable. It’s a must have! The great thing about trading plans is that they do not have to be anything over the top complicated. They simply have to state guidelines that you follow BEFORE trading.