There are just a few basic concepts that you need to understand. You must analyze the market from a technical perspective for short-term trades, choose the right strategy that matches the market trend and follow your trade plan. Your trade plans must state clearly what would bounce you out of the trade and how long you expect to be in it, as well as estimate your profit and loss potentials. If you follow this simple regimen, you will be amazed at your potential for executing consistently profitable trades.