4 ideas
Being right about market direction is common, but most traders who were right still fail to profit because they take small gains early and exit before the main move plays out. The large returns come from holding a correct position through the full trend while resisting the urge to act on every fluctuation. The scarce skill is patience while the move is underway, not the original insight.
Mr. Partridge was an elderly trader in a brokerage office. Other customers kept urging him to sell his profitable holdings ahead of an expected reaction. Each time he answered only 'You know, this is a bull market,' because selling would cost him his position and he might never get it back at a good price. Livingston uses him as the example of a trader who stayed with the main trend and collected the whole move while nimbler traders chased small swings.
Start with a small test position at a pivotal point and add to it only if the price moves in your favour, which is evidence that you are right. Never add to a losing position to lower your average cost. When a trade goes against you, cut it quickly. Your position size should grow in step with the market's confirmation, not with your conviction.
Instead of forecasting from news or opinions, watch where price moves most easily. Note which way it breaks out of a trading range and whether it holds up on bad news or fails to rally on good news. That observed direction is the trend, and you trade with it, not with your view of what the price should do.