1. Having been tested under the most extreme conditions, experts develop ways of automatically responding to situations that would freeze the majority of individuals.

2. It is not merely the will to win, it's the will to prepare to win. Elite performers draw upon extreme effort to generate the flow state, making normal hard work look like hardly working.

3. Contrary to the advertisements common in the popular media, trading expertise is not a function of possessing a superior indicator, mind-set, or chart-pattern. Expert traders process market information differently from non-experts, cultivating sophisticated mental maps that enable them to eliminate irrelevant information and implicitly process the patterns amid the market noise.

4. The goal is consistent execution - right actions the right way with consistency.

5. The poor trader is one who, given a setup with demonstrated edge, will trade it differently each time it occurs.

6. Generating rules allows you to review performance - to see where your trading might be less than mechanically sound.

7. Great results come from small improvements that are implemented with consistency.

8. Trading is not a skill, but rather a complex, coordinated set of skills.

9. Mechanics are rarely glamorous, but they account for a surprising degree of profitability.

10. Exit when a trade doesn't go your way. Don't wait for it to go against you.

11. Trade is not an event - it's a process: not just what you do, but how you do it that matters.

12. Profitability is a function of good trading, not just good trades.