Trading Bitter Pill #1:
Either you are among the winners or among the losers.
If you have any misconception, clear it first!
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Trading Bitter Pill #2:
Now when you have accepted that you are among the losers decide who is responsible for this situation!
If you think the responsibility lies with the market forces or bad luck or slow internet connection or bad advice of broker etc then there is little scope for you ahead.
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Trading Bitter Pill #3:
Now when you have acknowledged that you yourself are responsible for your being in the losers' herd and not in the winners' group, find out what is not working!
(since you are losing repeatedly, majority of the things you are doing and the way you are doing ARE NOT working)
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Trading Bitter Pill #4:
Now when you know what worked and what didn't in your past trades
....start rebuilding your trading career around what worked!
Shamelessly keep repeating the trick that works!
Exploit and milk it to the max!
Trading is about reward, not fair-play award.
A trick that works is worth 10 that promise to work.
Winners don't know more tricks.
Winners know more effective tricks!
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Trading Bitter Pill #5:
Courage is the fear whose prayer has been said!
Trade is the risk whose homework has been done!
There can be risks without wins
but there are no wins without risk!
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Trading Bitter Pill #6:
Knowledge is not money.
Knowledge in action is!
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Trading Bitter Pill #7:
Nobody knows the answers in stockmarket...only opinions!
Ask keeping this in mind!
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Trading Bitter Pill #8:
Trading losses have nothing to do with being unlucky for trading.
Its all a method, psychology and risk-management issue.
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Trading Bitter Pill #9:
Market hits our actions, not us!
Market rewards our actions, not us!
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Trading Bitter Pill #10:
Forgive your mistakes, remember the lesson, stand up and move forward!
Every winner has a history!
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Trading Bitter Pill #11:
If you are not clear and specific about what and how much and by when you want from the market, you won't get it!
Also, be clear about what you are willing to give in return?
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