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  1. Trading is not gambling.
  2. Trading is years of hard work, learning, and discipline. If you are looking for a place to make money easily, look elsewhere.
  3. Trading is purely a game of psychology and discipline. Numbers data etc are secondary
  4. Never trade with a profit target in mind. Trade because a trade is the right thing to do at that point in time
  5. Capital preservation is the only job you have as a trader. You need to preserve your capital for great trades with a high probability of high profit. If you lose money on poor trades, you will not have any money to take the great ones
  6. Remember, there is always the next trade. Don’t take stupid risks in the current one
  7. It is okay to miss an opportunity. It is not okay to lose money because of impatience
  8. Not having a position is a position. Some of the best trades in life are the ones you do not take.
  9. Most of the times the best strategy is to sit and watch on the sidelines
  10. There is a life outside of trading. It is easy to lose sight of that and get addicted to gambling.

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