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Never trade based on your own emotions. Trading based on your own greed or fear will put you on the wrong side of the market the majority of the time.
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To be a great trader you must stay humble. Big egos will cause a trader to not cut a loss and try to hold on to a losing trade to try to prove they were right.
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Never add to a losing trade, eventually a trend in the wrong direction will destroy you if you add multiple times to a losing trade making it huge.
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Always seek to trade what is happening in the present moment not off of future predictions.
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No one trade should be so big that it makes a traders emotions so loud they can’t hear their own trading plan.
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A trader must have faith in their system through back tests and chart studies and the faith in themselves to execute that system with patience and discipline.
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Generally the trades with the best probabilities of success are the most uncomfortable to enter.
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The most obvious price targets are usually the ones never hit.
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The future does not exist, so no one can predict it, their is simply possibilities and probabilities.
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The best traders embrace uncertainty and trade the price action not their opinions about it or what should happen next.