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.

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

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

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

Charting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.

The markets are the same now as they were five or ten years ago because they keep changing-just like they did then

If you can't measure it, you probably can't manage it Things you measure tend to improve.