Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.

When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.

Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.

Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.

Remember, your goal is to trade well, not to trade often.

Losers bring money into the market which is necessary for the prosperity of the trading industry.