Great trading advice

from Douglas Hirschorn:

• Making money is easy, keeping it is hard
• You can have a 1000 reasons to get in a trade, but you only need 1 reason to get out
• Focus on the process (quality of your trades), not the outcome (profits/losses)
• Know what your edge is (what your pitch looks like) and trade only when you have edge (swing only when your pitch appears).

and:

• In sports, you are NOT supposed to think, "What if I mess up this shot?" In trading that is called risk management.
•  In sports, when you miss a shot, you don't lose points. In trading, when you get a trade wrong, you lose money.
•  In sports, the opponent adjusts to what YOU do. In trading, the market does not know or care about YOU.
•  In sports, you focus on improving weaknesses. In trading, your strengths are your weaknesses and vice-versa.
•  In sports, if you get poor results, you need to practice harder, put in more effort. In trading, effort is not positively correlated to improved performance.

 finally:

1. Recognize when fear is present
2. Welcome it (normalize it)
3. Implement a behavior modification program (with real consequences) to prevent you from acting on it