Michelle B submits: The Disciplined Trader by Mark Douglas sits near my trading turret in a place of honor. Following rules is very problematical for traders. Having rules, and some traders have many, is not the same as being disciplined. A disciplined trader follows his rules, while a trader who [...]

SD Trader left this comment this morning:

I appreciate the overview of your daily trading. It appears you have quite the set up over there. How long did it take you to start trading successfully (and consistently)? I have tried to look this one up in the archives but it appears once you left your old [...]

Here’s a long list of stock trading best practices/rules (It lists 103 items but many are duplicated). Some of my favorites are:

Losses are part of trading. Limit them, accept them and move on to the next trade.
Believe That The Market Is Stronger Than You Are. Do Not Try To Fight The Market.
Capital Preservation Is [...]

Steve Pavlina has a very good post on a subject that often comes up when reading about the psychology of trading: Fear of Success: What will happen if you succeed? Like Mark Douglas (and others) say, traders often get exactly what they want out of the market (pain, something to complain about, a thrill/gambling, [...]

Here’s an excellent letter, from a recent Worden Report, written by a TCNet user who shall now be known as Dame KMack:
We Dub Thee Dame kmack
Any trader will find Dame kmack helpful in learning to control and direct emotion in a role of making important decisions under inescapable pressures. No one is totally [...]