1. Don't lose money : A trader should never observe a significant drop in the value of his portfolio. Keeping accounts near equity highs at all times is the single most important key to success in trading. It is also the hardest to learn , how do u walk through a minefield without getting some part of you or all of you blown up. Staying near those highs enables you to take advantage of luck when it presents itself.
When you see it, BET big.