1. Loss of opportunity is preferable to loss of capital.
2. Picking safe, readable, and ultimately high probability trades is the way to go.
3. Use logical profit objectives for all positions. Know your exits and stick to them.
4. Markets are squirrelly animals - make your trading plans ahead of the market.
5. Don't buy new highs or sell new lows - wait for the market to come to you. Buy retracements. If you miss the train, don't beat yourself up - another one will come by shortly.
6. Above all…