The few people I know of who are successful at trading all have one thing in common, they have an edge. What is an edge? An edge is a technique, or a special insight, or understanding, or technology that sets one apart from the trading hive. Success at trading doesn't flow from the mundane. It is crafted by developing a special skill or approach to trading that is applied in a consistent, disciplined and objective manner.
I got lucky last week with SFE, $1.10 to $1.58 at it's highs, banking a nice chunk of that rise. But I didn't know ahead of time that SFE was a 40% winner. It was just another Insider-Buy, a system trade, that fulfilled all my criteria for buying and as such, the trade was taken. There have been plenty that don't work that well and some that don't work at all. But as my tedious back-testing suggested, most of these I-Buys that meet my criteria for a short-term trade work, so I take them all. That's my edge with I-buys, a way to collect them early in their public dissemination, and way to match them up against my own filters and a way to execute the trade fast, very, very fast.
I haven't talked much about my other techniques, one of which has been my bread and butter trading tool for two years now. It's the one I describe in my profile and I have yet to figure out a way to disclose it here without compromising my edge. Sorry, but only a few of us can get through that door at once.
My point it that these consistently winning trades don't come from watching Jim Cramer or subscribing to Growth Stock Outlook. They come from technique, from a cultivated edge that sets my trades apart from the ordinary and that doesn't rely on luck as much as discipline in attaining success. SFE was lucky, yes, but it was luck that I made happen by acting in concert with my rules for system trades.
So the art of the trade, simply put, is to find something that works and trade it.