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.

To avoid whipsaw losses, stop trading.

Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.

In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.

Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.

Losing a position is aggravating, whereas losing your nerve is devastating.

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