1. You can't control the market to do what you want. So you must control yourself to do what's in your best interest.

2. Think of the ways you could have managed the trade better, and then see that picture on your mind over and over again.

3. A person with good self-discipline, but poor trading method will outperform the person with poor self-discipline but the best trading method currently available.

4. You gotta have set goal. Your goal has to be realistic, attainable, measurable.

5. If you can't see yourself in your mind's eye as a success, there's no chance you will become successful.

6. Learn to love to take a loss. You have to be happy to be out of the market when there trade no longer represents a profitable opportunity.

7. The quicker you can get rid of the losing trade, the sooner you can find some winning trades.

8. If you find yourself considering, wishing or judging, then you are either not predefining what a loss is or you are not executing them immediately upon perception. If you don't cut loss and turns out to be a profit, you are reinforcing the inappropriate behavior that will inevitably lead to disaster. If you let the loss worsen, you will create negative cycle of pain, that once started will be difficult to stop.

9. Fear is the only thing that keeps us from learning anything new.

10. No matter how strongly you feel about a trade, you need to be willing to give up on it in a moment's notice.

11. The less flexible you are about your bad trades, the more they'll eat away at your good trades. The amount of money you make trading will be in direct proportion to how flexible you can be.

12. No matter what type of trading you're doing, you'll need to come up with your own set of rules to keep your trading structured. Most people don't want to do it, because if they did they would have to take responsibility for their results.