Last, but not least, is keep your trades small, and only trade highly active products. I've said this countless times across the site, but it is just that important. You want to trade products to get the fairest prices and protect yourself from getting stuck in a bad position. You want to keep your risks small because it is the ONLY true defense against disaster. It doesn't matter if you're just starting out or you're a seasoned professional – it only takes 1 train wreck to set you back years, or wipe you out completely when your risk is too large. As I said earlier, it’s not our smallest wins that restrain us from success – it’s our ugliest losses. Failure is important and can teach us how to be successful – but only if we stay in business long enough to put that wisdom to good use.