One of the key characteristics all day traders (and traders in general) must possess is the ability to be flexible. As you will see, my first trade plan of the day was ruined right before the market opened so I needed to adjust and deploy a new strategy. One of the most important rules you can adopt as a trader is to respect the markets and understand that they are in charge and they are the boss. Just because you put together a trade plan that you feel has a high probability of making you money does not mean the market will respect it. In order to have success as a day trader and make consistent money online you will need a few different strategies and systems that provide you with money making opportunities.