1. The more you get upset for your past mistakes, the more you'll relive those mistakes and they'll show up in your trading results.
2. The only way to learn flawless execution is practice.
3. Being successful has more to do with acting in your best interest, than it does with the technical method or system you are using.
4. Protecting yourself and acting in your own best interest is much more important than taking a chance.
5. If you keep yourself out of the losing trades, the winning trades will come.
6. Only trade with money you can afford to lose.
7. The only reason to put on a position in the market is because you feel it has the potential to move a certain direction and you think you can capitalize on that move.
8. You need to be making your market decisions strictly on what the market is doing of showing you. This is the only way to be successful. If you're making your decisions on outside factors (like how badly you need the money, or what you need the money for), your judgement will be clouded and it will be much more difficult to see good opportunities to profit.
9. You need to be constantly thinking that the market can do whatever it wants whenever it wants at any time.
10. It's okay to be wrong about which way the market is going. But it's not okay to be wrong about the market direction and ignore signs that it's time to get out and start over.
11. To be objective, you cannot put your demands and expectations on the market.
12. You need to release yourself from the need to be right. If you constantly need to be right, you are unfortunately in the wrong business.