I will write this and keep updating not just for fellow traders but also for me:
1. Honesty and Original Work:
You can not copy someone else's method and make it profitable for you. You have to find trading system which is right for you and your personality and it is different for different people.
2. 3Ms of trading:
Mind,Money, Method - Need all the three to make it to this business.
3. Preparation:
The actual hard work is needed when markets are closed for trading. At trading hours, no work is needed. Not much!!.. Just place orders.
4. Trap of trading:
It is the only profession in the world where an absolute beginner has 50% chance of success. Therefore it is easier to start believing that you can be a trader and much more difficult to trust that you could be a pilot or doctor or scientist in short span of time. This is the trap many people fall into believing and started overestimating their potential of success at it.
5. Don't try to make money:
It is a binary game. Either you make money or lose, broadly speaking. I have always focused on not losing. I believe it is a great approach. I hate losing money. Many say , you have to be comfortable in booking small losses. It is true. You have to believe that loss is the cost of the business and its not loss. Occasional losses are proof that you r a profitable trader. It is the path of being consistently successful.
I can write many more like this but stopping here since 5 is the limit.