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

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.

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.

To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.

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

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