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

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.

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

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.

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.