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.

To avoid whipsaw losses, stop trading.

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.

If you can't take a small loss, sooner or later you will take the mother of all losses.

Longevity is the key to success.

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

Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.