a note to the new traders

Nothing succeeds like success!

Nothing fails like failure!

But nothing is more dangerous than a success that succeeds too easily!

and nothing is more tragic than a failure that fails too early!

The former sets the stage for a demoralising collapse

the latter hits your confidence below the belly and unsettles your resolve!

When new amateur, learner, innocent traders enter the market

they are excited

with spark in the eyes

and dreams being painted with those sparks!

An early success makes them turn their back towards method and discipline and emotional strengthening drill!

But when the devil of the market shows its true colours

the new market ducklings panic

and many simply have no idea how to cope with the unexpected unexplained setback!

Their dreams are shattered!

Their fears start taking the place of their dreams

They meet the thoughts of quitting the trading on their pillow every night when they hit the bed.

Four understandings in the new trader's bags can help him/her in those inevitable dark hours

First, bet small till you have seen the character certificate of the devils in the market.

Second, suspect every success (till u know the real real real reason behind it).

Third, be ready for the hell training which every gentleman cadet goes thru at the military training academy before getting commissioned as an officer!

The fourth and the most important procedure has been suggested by legendary David J.Schwartz

in his classic "The Magic of Thinking Big"

"Keep your eyes focused on the big objective"

In trading our big objective is to become financially free by mastering the trading skills

and not just winning one or two or few profits here and there!

"Resolve to keep your eyes on the big ball."

Whenever you lose, thank god

for losing small

for learning the next lesson

for moving one more step towards the triumphant "commissioning".

Protect yourself from getting burnt out by losses and failures...

Whenever a loss wants to picks up a petty fight with your ego

and tries to knock you out

just ask yourself

"Is it really important?"

"Don't fall into the triviality trap."

"Concentrate on important things."

"Resolve to keep your eyes on the big ball."