A lot of people would rather understand the market than make money

It can be very expensive to try to convince the markets you are right.

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.

A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

If you can't measure it, you probably can't manage it Things you measure tend to improve.

Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.

The markets are the same now as they were five or ten years ago because they keep changing-just like they did then