Trading decisions should be made as unemotionally as possible.

I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.

Trading decisions should be made as unemotionally as possible.

When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.

You should always have a worst case point. The only choice should be to get out quicker.

You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can't afford to do is throw away your capital on suboptimal trades.

When you are getting beat to death, get your head out of the mixer.