2. A trader must use probabilities to overcome their own personal opinions.
3. A trader has to use risk management to overcome the hope that a losing trade will turn around and just take the original stop loss plan.
4. A trader must allow the actual price action to overcome any personal directional bias.
5. A trader has to let a trailing stop overcome their desire to take profits too early early in a trade.
6. Successful traders use their passion and goals to overcome their tendencies to laziness or procrastination in doing their trading homework.
7. A profitable trader has learned to allow patience to overcome their desire to trade before they get a real entry signal.
8. We must allow our knowledge of the risk of ruin to defeat any desire to go all in on any supposed can’t miss trade.
9. Math must be used in place of hope, logic in place of fear, cautiousness in place of greed, and humbleness instead of ego.
10. The development of a robust trading method must be the work that replaces the search for the “Holy Grail” of trading that never loses or a trading guru that has all the answers.
11. Trading price action has to replace trading off of predictions.
12. Personal opinions, beliefs, and emotions must be replaced with quantified entries, exits, and position sizing.
13. A felling of cleverness must be exchanged for a real edge.
14. Ignorance about trading must be exchanged for knowledge.
15. Knowledge about trading must eventually be converted to trading profits.
Source: newtraderu.com
