Advanced trading is a combination of strategy and tactics

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​Success in the stock market has a lot to do with the ability of the trader to develop solid market ideas and then to translate them into positions that offer a positive return relative to the risk.

Now, for example, there are quite a few fund managers with a great view of the big picture who also develop great ideas but are unable to turn them into profitable trades.  
Similarly, there are quite a few private traders who consider short-term trading patterns as trading ideas, only to be blindsided by what happens in the big picture. 
That's why advanced trading is a combination of strategy and tactics. 
I concluded for myself that I have only one advantage when trading: When I find levels 

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in the chart where sellers dominate but are not able to push the market further down. Then I may have a good level to buy. The sellers are "trapped" and need to close their positions. 

If, on the other hand, I find a spot where the buyers dominate but cannot push the market to new highs, I already smell a lucrative short opportunity. Here the buyers are "trapped" and have to sell their positions.

If sellers or buyers are "trapped" in this way, they have to get out of the market, and that leads to good trading opportunities in the other direction in the short-term time frame. 
This pattern basically shows up on all time frames, and this is where the big picture I talked about in the beginning comes into play. If the trader is able to combine this higher level with his short term "trading level," this can lead to great results.

And that's how it's always been for me:
I make money when I trade with that edge.  If I try to be someone other than who I basically am, I lose money.
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That's why self-knowledge and, above all, self-acceptance are essential if you want to become a successful trader.

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