The only regret a trader should carry is for a loss of discipline.

structure to stay calm and feel confident. By developing a detailed trading methodology, writing a trading plan, and implementing hard and fast risk management and position sizing rules, a trader will gain the peace of mind necessary to give them an edge in the markets.

Ego-Replace your need to be right about specific trades with the desire to make money. Hope-Replace the hope that a losing trade will recover with a well-planned stop loss. Stress-Reduce stress by choosing to have small losses fast instead of big, slow losses.

Revenge trading is a desperate attempt to force the market to give back money that was previously lost.

Traders are entrepreneurs. They don’t trade for a regular paycheck, but they exchange that uncertainty for the potential of unlimited profits.

As you develop as a trader, your #1 goal should be happiness. The easiest way to be happy in the markets is to be profitable. But even when you lose money, you need to accept that it’s just part of the game, and start looking forward to your next chance to win.

Trade the plan and not the anger.

Successful trading comes from the process that you adopt for entries, exits and position sizing. Flow with current price action to capture trends, cut losses, and take trades with great risk/reward ratios.

Affirmations are powerful. The truth of the matter is that you are what you believe. Consistently reinforcing positive thoughts about yourself will change how you view yourself. It may take some time for your personal perceptions to change, so find a few minutes every morning to give yourself a pep-talk. Here are a few useful affirmations that you