It is important to have a trading plan . This plan should have an exit strategy which must be kept to. Emotions must be separated from attachment to money itself , to avoid emotional decission making ; changing strategy without good reason; and stress from the course of trading up and down .
Networking with other traders is a good way to go. Also, be forward in contacting company sources for the latest info . Research widely , do not just rely on ASX announcements and company/broker presentations .
Join your local traders group and actively attend gatherings . eg: Perth Traders;Adelaide Traders, etc.,.
Expect to spend 30-45 hours per week in front of your computer , and you must enjoy that too ! You may specialise too in say oilers for example . Also, draw from your previous experience in work and life . Engage others to fill the gaps , etc.,.
Exercise is important to be a good trader. Sitting in front of a computer screwing others in the market makes you get fat and unfit . If you cant play golf , you can walk the new dog ......?
