Good traders trade. Good letter writers write letters.

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

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.

Everybody gets what they want out of the market.

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

Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.

In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.