1. Overcome fear – you must master your fear to trade well
2. Remain flexible – don’t paint your self into a corner by overcommitting emotionally
3. Take reasoned risks – bet smart so you can survive a long series of losses
4. Prepare to be wrong – know what you will do before the market says you are wrong
5. Actively seek reality – don’t look for why you are right, look for why you are wrong
6. Respond quickly to change – don’t wait around when the trade is bad
7. Focus on decisions, not outcomes – good decisions often lead to bad outcomes in trading, it’s part of the game