Plan your trades. Trade your plan. Keep records of your trading results. Keep a 
positive attitude, no matter how much you lose. Don't take the market home. 
Forget your College degree and trust your instincts. Successful traders buy 
into bad news and sell into good news. Successful traders are not afraid to buy 
high and sell low. Continually strive for patience, perseverance, 
determination, and rational action. Limit your losses - use stops! Never cancel 
a stop loss order after you have placed it! Place the stop at the time you make 
your trade. Never get into the market because you are anxious because of 
waiting. Avoid getting in or out of the market too often. The most difficult 
task
in speculation is not prediction but self-control. Successful trading
is difficult and frustrating. You are the most important element in the
equation for success. Always discipline yourself by following a pre-determined 
set of rules. Remember that a bear market will give back in one month what a 
bull market has taken three months to build. Don't ever allow a big
winning trade to turn into a loser. Stop yourself out if the market
moves against you 20% from your peak profit point. Expect and accept
losses gracefully. Those who brood over losses always miss the next
opportunity, which more than likely will be profitable. Split your profits 
right down the middle and never risk more than 50% of them again in the market. 
The key to successful trading is knowing yourself and your stress point. The 
difference between winners and losers isn't so much native ability as it is 
discipline exercised in avoiding mistakes. Speech may be silver but silence is 
golden. Traders with the golden touch do not talk about their success. Dream 
big dreams and think tall. Very few people set goals too high. A man becomes 
what he thinks about all day long. Accept failure as a step towards victory. 
Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it 
even quicker!You don't invest ...You will lose. You don't manage risks ...You 
will lose. You follow tips ...You will lose. You don't investigate before you 
invest ...You will lose. You panic ...You will lose. You want to speculate 
...You will lose. You don't understand your finances ...You will 
lose. You don't use cost averaging ...You will lose. You want to play ...You 
will lose. You are greedy ...You will lose. You place all your eggs in the same 
basket ...You will lose. You don't know when not to invest ...You will lose. 
You don't know when not to exit ...You will lose. You can't afford to lose 
...You can't afford to make a profit. 
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