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The worst trading mistake is thinking you can predict the future

A support is a level where the quantity of buy orders is higher than the normal due to previous bottoms of the price in that zone.  
A resistance is a level where the quantity of sell orders is higher than the normal due to previous tops of the price in that zone.

We know retail traders open short positions at the R and they open long positions at the S.  But we also know that 95% of retail traders lose money in the long term, so there is something behind it that we don't know.  Imagine a tug of war scenario in proximity of a S/R area.

Balancing your emotions is the trick to control your emotions.
If you win, stay calm.
If you lose, stay calm.

90% of traders are destroyed by their mindset
- They have an edge, but they don't execute.
- They have a plan, but they break rules.
- They have a goal, but they give up at the first failure.
Master your mindset and success will follow.

Trading is different.
If you don't fall in love with competing against yourself, you will fail.
It's you vs you, not you vs the market.

The real secret to trading success is to eliminate fear.
- Reduce your risk
- Backtest your system
Once you become fearless, trading becomes limitless.

Trading is the best business in the world.
If you endure the learning curve, you will compound your money like no other business.
Just keep going.

Risk management alone puts you in the top 30% / 40%.
Most traders blow up accounts over and over until they give up.

@Compiled from Quotes of Anonymous Stock Market Experts 

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