Good traders trade. Good letter writers write letters.

There are old traders and there are bold traders, but there are very few old, bold traders.

Everybody gets what they want out of the market.

Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

To avoid whipsaw losses, stop trading.

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.