1. The key to becoming the top most stock trader of the world is to understand that one must have requisite financial muscle and should be able to fall back on the reserves if required. This is the reason that one should not leave the full time job in favour of day trading. A day trader has to take the day trading as a full time job and must understand that it is not an easy job.

2. One has to spend hours researching when people might be seeing the movies on TV or in a multiplex and it has to be a passion. Thus avoid laziness and compulsiveness to become the top most trader of the world.

3. Always recognize the point and get out of the trade when one is wrong and thus minimize the loss. DO remember the dictum that never walk in to a room where one do not know the location of the door. This stetement holds the key to stop loss.