The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me, too. The idea of searching for some secret for trading success misses the point.

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

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

The idea of searching for some secret for trading success misses the point.

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.

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

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.