3. “Emotions are the enemy of profits—master them, and you master the market.”
Fear, greed, and impatience often lead to poor trading decisions. Traders who let emotions control their actions tend to trade impulsively, continue to lose positions, or take profits too quickly.
Controlling emotions means sticking to a strategy, maintaining discipline, and avoiding emotional reactions to short-term market fluctuations.
4. “A successful trader sees losses as tuition, not failure.”
Losing in trading is inevitable, but it should be viewed as a lesson rather than a defeat. Just as students pay tuition to learn, traders “pay” the market with losses to gain experience.
The key is to analyze mistakes, refine strategies, and improve decision-making to minimize future losses.
