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.

I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.

Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.

Trend following is an exercise in observing and responding to the ever-present moment of now

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.

I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.

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