The markets are unforgiving, and emotional trading always results in losses.

The markets are unforgiving, and emotional trading always results in losses.

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

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.

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.

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

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.