Yes Saint, you are right. But dont you find it strange that none of the noobs even bothered to ask what the other things may be.
No. 1 is capitalization, so that you can make mistakes, rectify them, make some more and then again, and still have enough capital to live on. CV also keeps telling this every other day.
and who was it, michael marcus or paul tudor jones or ?? who said make your best judgement, be wrong, make your next best judgement, be wrong and by the next time, double your money!