Master trading psychology

There's nothing wrong with being right every time but it's unrealistic.

One of the pillars of successful trading is setting goals. If you're thinking of doubling an account before Christmas, you're setting yourself up for failure.

From time to time you will have a large drawdown. It could be a run of bad luck or bad trading. You're not perfect, you're going to make mistakes and some of them will be very stupid mistakes.

It's all part of the game.

The trick is staying in the game. Not destroying yourself is the first step towards success. Small successes lead to bigger successes. Managing big failures so they don't turn into bigger failures or blow-ups is what gives you another opportunity.

You're not going to be George Soros but if you can break even then you can improve a bit and make money, then keep improving and make a bit more.

When you're on a good run, don't expect it to last forever. You don't have to be perfect.