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

There are old traders and there are bold traders, but there are very few old, bold traders.

Losing a position is aggravating, whereas losing your nerve is devastating.

It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.

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.

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

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.