Top ten lessons from 2007

Dare I go out on a ledge and say that 2007 was indeed a breakthrough year for me? Well, it was and without me really knowing it till about halfway through. I've been daytrading for about 2.5 years now and full-time for almost two. I keep hearing it takes at least three years to become proficient at daytrading (if you make it that long). So, as I approach the infamous third year, I hope I can continue to sharpen my skills, pick good candidates and refine my trading style to help maximize profit. Here's my top ten list of things I learned this year:

10 - Papertrading a new strategy is essential for me.
9 - Switching to IB and Quotetracker made me a better trader.
8 - Solid understanding of price and volume.
7 - Creating a good watchlist.
6 - Understanding 'typical' market fluctuations during the year.
5 - Losing money is part of the game.
4 - Being wrong is part of the game.
3 - Waiting for the perfect setup will increase discipline... not profits.
2 - The best entry is easier to spot than the best exit.
1 - Being a profitable trader is entirely possible.