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95% of traders lose

95% of traders lose...
1) They watch videos, they don't practice.
2) They want millions, they don't manage risk.
3) They give up on failure, they don't learn from it.
To be in the 5% do what the 95% don't do.

80% of traders fail quickly.
15% of traders give up too soon.
Only 5% stick with it long enough to win.

Most traders don't plan their trades in advance.
If you do, you have an incredible advantage.

Trading is not difficult.
Traders are just slaves to their minds.

Your profit / loss is a distraction.
Seek measurements of your processes, not your realized / unrealized outcomes.

Learn how to hold winners & exit losers whilst trading;
Now apply to other areas of your life & watch your happiness & success climb.

Success is not built on success. 
It's built on failure. 
It's built on frustration. 
Sometimes it's built on catastrophe.
-Sumner Redstone

IF your system has long-term positive expectancy THAN why are you constantly evaluating short-term P/L using short-term timeframes?

"The key is not the will to win, everybody has that. It is the will to PREPARE to win that is important."
- Bobby Knight

Rarely considered thought:
The best way to help yourself,
Is to start helping somebody else.

You're not a robot, you're an emotional being.
Creating lasting change involves engaging emotion, not denying it.
Work with yourself, not against yourself.

A system that has not been properly back-tested is no system to rely upon.

Exiting a winning trade based on the fear of losing those paper gains is not a long-term strategy for success. 
Exiting at the same point based on indicators from your system, is.

We naturally hang onto our views too long, even when the evidence starts stacking up against us, Why? 
Ego (clearly)
Sunk costs (time and effort spent to form the view.)
What else?

If you're not gaining an increased understanding of yourself through your trading, 
You're missing out on the greatest rewards.

Watch this interview at least once every week, for next 10 weeks

Trading is war.
Every trade is a battle.
Losing one battle is not losing the war.
The war is made up of 1000, 10000 battles.

Every dollar is a soldier.
The larger your army, the more powerful you will be in the battle of freedom.
Protect your army, protect your soldiers.

@Compiled from Quotes of Anonymous Stock Market Experts

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