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

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.

It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system

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

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

It can be very expensive to try to convince the markets you are right.

A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.