1) A man should look for what is, and not for what he thinks should be - Albert Einstein
A trader should look at a chart for what it is, and not for what he want it to be.
2) Bring your desires down to your present means. Increase them only when your increased means permit. - Aristotle
Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permits it.
3) First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst -
Dale Carnegie
The more you mentally prepare and accept loss the less psychological capital it takes.
4) Always do whatever’s next - George Carlin
Move on, understand what happened in the past but do not have an emotional attachment to it.
5) A good plan violently executed now is better than a perfect plan executed next week - George S. Patton
A trading plan is just words until you act on it.
6) I don’t measure a man’s success by how high he climbs but how high he bounces when he hits bottom - George S. Patton
The easiest thing to handle is winning, but trading doesn’t start until you lose.
7) All this worldly wisdom was once the unamiable heresy of some wise man - Henry David Thoreau
The trading genius was previously an idiot or is closer to being one tomorrow. Keep learning.
8) Coming together is a beginning; keeping together is progress; working together is success - Henry Ford
Having trading discipline is the beginning; keeping discipline is the progress; staying discipline is the success.
9) Face reality as it is, not as it was or as you wish it to be - Jack Welch
Bend your view to the charts, not the charts to your view
10) Efforts and courage are not enough without purpose and direction - John F. Kennedy
Any trader can take risk, a great trader can do it with purpose and use it to their advantage.
11) Forgive your enemies, but never forget their names - John F. Kennedy
Move past your losing trades don’t erase them, just forget how you felt.
12) Don’t measure yourself by what you have accomplished, but by what you should have accomplished with your ability -
John Wooden
If you make money by making a mistake, it is loan with a very high default rate.
13) Failure is not fatal, but failure to change might be - John Wooden
Losing only matters if you lost because of a lesson you were already taught.
A trader should look at a chart for what it is, and not for what he want it to be.
2) Bring your desires down to your present means. Increase them only when your increased means permit. - Aristotle
Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permits it.
3) First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst -
Dale Carnegie
The more you mentally prepare and accept loss the less psychological capital it takes.
4) Always do whatever’s next - George Carlin
Move on, understand what happened in the past but do not have an emotional attachment to it.
5) A good plan violently executed now is better than a perfect plan executed next week - George S. Patton
A trading plan is just words until you act on it.
6) I don’t measure a man’s success by how high he climbs but how high he bounces when he hits bottom - George S. Patton
The easiest thing to handle is winning, but trading doesn’t start until you lose.
7) All this worldly wisdom was once the unamiable heresy of some wise man - Henry David Thoreau
The trading genius was previously an idiot or is closer to being one tomorrow. Keep learning.
8) Coming together is a beginning; keeping together is progress; working together is success - Henry Ford
Having trading discipline is the beginning; keeping discipline is the progress; staying discipline is the success.
9) Face reality as it is, not as it was or as you wish it to be - Jack Welch
Bend your view to the charts, not the charts to your view
10) Efforts and courage are not enough without purpose and direction - John F. Kennedy
Any trader can take risk, a great trader can do it with purpose and use it to their advantage.
11) Forgive your enemies, but never forget their names - John F. Kennedy
Move past your losing trades don’t erase them, just forget how you felt.
12) Don’t measure yourself by what you have accomplished, but by what you should have accomplished with your ability -
John Wooden
If you make money by making a mistake, it is loan with a very high default rate.
13) Failure is not fatal, but failure to change might be - John Wooden
Losing only matters if you lost because of a lesson you were already taught.