A good trader has a structure. For example, refrains from over-trading do more analysis than trading, always tries to maintain discipline, maintains risk management, and money management. These things must be maintained if you want to trade well.
I regard consistent profits from trading to be a success. It really hard to achieve to make your profits be stable and predictable, it means that a trader controls the situation and is ready to work on maximising the results.
Unellene posted: all your work really should be with some kind of logic and even with a plan, it is not very useful to work randomly
So true, that means consistency in your entries, consistency in your exits, consistency in your risk management, consistency in you take profit target and finally following the rules. Once this is done great things can be achieved for sure
Michihito posted: Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.
Yes, we need to be consistent. To be consistent, we must stick with our plan and trade with discipline. Without being consistent, we would never be able to generate an income on what we can depend or plan our finance.
romanholiday posted: With any activity that requires skill you need to focus on consistency. Once you have a consistent base you can then modify and adjust different factors, one at a time to try and get better results
I think more than consistency discipline is important for a trader and trust me when I say without discipline there is no consistency. A trader needs to be very thorough with his market knowledge and should know how to change his strategies as per market condition.
Consistency matters so much in trading. If you can make stable and predictable profits throughout some long period of time, you are doing a nice job. Consistency shows that your trading strategy works in most of the cases. Later on, you can improve it if you want your profits to be bigger.