If instead of saying,"I'm going to do this trade,"you say "I'm going to watch myself do this trade." all of a sudden you find that process is a lot easier.


A trader must create an emotional distance from the market's feedback loop of profits and losses.


it's up to use to determine if our thoughts are coming from a trusted source, or if they are being hijacked by our emotions. The only way to determine this is to become mindful; to step back from our own thoughts and observe them without judgment.(=Judgement)


It's important that you learn to step back from your thought process and filter everything through the eyes of an unbiased observer.


Exercise: One of the best ways to keep track of them is by keeping a trading journal every day,


A trader has to focus on what's happening, not what they want to happen or hope will happen next.


@ When times are challenging, fear and regret can cloud their thinking.


Flow with current price action to capture trends, cut losses, and take trades with great risk/reward ratios.


It's hard enough to know what the market is going to do; if you don't know what you are going to do, the game is lost.


Giving up the small win gives you a larger win later in a trading market. This principle can also apply to taking a small loss when you are proven wrong, even if you don't want to.


Making money in the financial markets comes from researching and following a detailed plan and system.


@The best way to help yourself control your impulses is by having clearly defined goals and a vision of what you want your future to look like. When you experience an overwhelming desire to do something that could be detrimental to your plan, you can look at it through the filter of whether it's moving you toward your goals or away from them.



When impulses aren't controlled, people trade their goals and future gains for their immediate (×immidiate) desires. This is a terrible trade.


@Your upbeat mindset must be empowered by your strong work ethic and your willingness to go to the distance as a trader.


@The signal is the truth. The noise is what distracts us from the truth.

it might be useful to separate the information into two categories: signal and noise as he advised. I think I wasted a lot of energies for noises, not knowing most of them were actually the faked signals which is called as noises here.
we must accept the randomness of our short term results, and understand our long term edge to stay calm in the face of uncertainty. Traders are entrepreneurs. They don't trade for a regular paycheck, but  they exchange that uncertainly for the potential of unlimited profits.
Great traders are profitable (× profittable) because they have become masters at managing uncertainty.
Hindsight is one of the worst trading tools, We trade based on current reality. Woulda, shoulda, coulda, are for traders with time machines.
You can get bitter or you can get better. Focus on what you can do to improve your future behavior.
Change the channel from your own personal history channel to current news. you can't relive the past, all you can do is learn from it.
If trading (or any other job or endeavor) is a source of anxiety, fear, frustration, depression, or anger, something is wrong - even if you are successful in a conventional sense.
By living the philosophy that my winners are always in front of me, it's not so painful to take a loss.
That cotton trade was almost the deal breaker for me, it was at that point that I said, "Mr. Stupid. why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?


Your ability to stay calm in the markets will largely be determined by how good you are at managing losses. Limit the time and money spent losing, and you will increase your ability to win and make money. Lose fast, win slow, and move on to the next opportunity. But most of all, stay calm and trade on.


Trading is your opportunity to outsmart, our trade, and out last other market participants.


It's important to keep things in perspective, It's easy to get caught up in the day-to-day activities of life and of trading, and forget that there is a reason we are working so hard.


1/3 of trading is based on logic, and 2/3 is based on emotions.