Many days I don't trade. I sit and wait. When I started out I wanted to be in the market every day, the big momentum moves do this to you. But for me, now, the key is patience.
If I see more than 3 signals per month on the same vehicle I get worried that I'm overtrading it Patience is the key. Took me years to figure out this one simple fact that can often make the difference between winning and losing.
in Elder's book, he says something like "private traders have one advantage over professionals - the ability to stay OUT of the market, yet they squander this advantage time and time again by trading when they shouldn't" (crap paraphrasing but it's too late to go digging out the actual quote)