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.

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

The idea of searching for some secret for trading success misses the point.

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.

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

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

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.