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.

Good traders trade. Good letter writers write letters.

A lot of people would rather understand the market than make money

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

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.

The trend is your friend except at the end where it bends.