Be sensitive to subtle differences between 'intuition' and 'into wishing'.

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.

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

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

To avoid whipsaw losses, stop trading.

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.

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.