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

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

Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.

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.

Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.

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