Longevity is the key to success.

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

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

Trend following is an exercise in observing and responding to the ever-present moment of now

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

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

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.