Some useful tips for traders. To be a profitable, a trader must overcome these things:

  1. You must beat your emotions by following a trading plan.
  2. You must beat your ego by taking losses early when you are proven wrong.
  3. You must beat your greed by managing your position sizing to limit your risk exposure.
  4. You must beat your fears by letting a winning trade run when there is no reason to exit.
  5. You must beat your desire to predict the future by reacting to what price action is actually happening.
  6. You have to make enough money to beat your commission costs.
  7. You must not let the market beat you up with too many losses and make you quit.
  8. You must beat the naysayers who think active profitable trading is impossible.
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