#1 The market pays you to be disciplined.
#2 Be disciplined every day, in every trade, and the market will reward you. But do not claim to be disciplined if you are not 100% of the time.
#3 Always lower your trade size when you are trading poorly.
#4 Never turn a winner into a loser.
#5 Your biggest loser can not exceed your biggest winner.
#6 Develop a methodology and stick with it. Do not change methodologies for day to day.
#7 Be yourself. Do not try to be someone else.
#8 You always want to be able to come back and play the next day.
#9 Earn the right to trade bigger.
#10 Get out of your losers.
#11 The first loss is the best loss.
#12 Do not hope and pray. If you do, you will lose.
#13 Do not worry about news. It is history.
#14 Do not speculate, if you do, you will lose.
#15 Love to lose money.
#16 If your trade is not going anywhere in a given timeframe, it is time to exit.
#17 Never take a big loss. Only a big loss can hurt you.
#18 Make a little bit everyday, dig your ditches, do not fill them in.
#19 Hit singles not home runs.
#20 Consistency builds confidence and control
#21 Learn to sweat out (scale out) your winners.
#22 Make the same type of trades over and over – be a bricklayer.
#23 Do not over-analyze, do not procrastinate. Do not hesitate, if you do, you will lose.
#24 All traders are created equal in the eyes of the market.
#25 It is the market itself that wields the ultimate scale of justice.
