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

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

The goal of a successful trader is to make the best trades. Money is secondary.

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.

The market does not know you exist. You can do nothing to influence it. You can only control your behavior.

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

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