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.

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.

Trends become more apparent as you step further away from the chart.

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

Working to anticipate the future can be a distraction from the important task of dealing with the present.

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.

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.