Traders lose because the game is hard, or out of ignorance, or from lack of

discipline.
Always watch your capital, trading should be objective not emotional. Use defensive
money management.
After entering a trade manage your emotions, be objective.
A good trader watches his capital as carefully as a professional scuba diver
watches his air supply.
list down bokerage and slippage(market order fill) they are fatal.
Trade such that your strategy is correct, not because you want money.
Plan trade with a realistic target, if you put unachievable targe. Don'thave
illusions have a realistic plan.
A loser’s true problem is not account size but overtrading and sloppy money
manage#ment. you must control your losses.
You have to analyze your feelings as you trade to make sure that your decisions are
sound.
Your trades must be based on clearly defined rules. You have to structure your
money manage#ment so that no string of losses can kick you out of the game.
If you feel that you are trading too much and the results are poor, stop trading
for a month. This will give you a chance to re-evaluate your trading.
Start keeping a diary—a record of all your trades, with reasons for entering and
exiting them. Look for repetitive patterns of success
and failure. Those who don’t learn from the past are condemned to repeat it.
ALways put a stoploss. let it be 2% of your account or trade entry amount.
You can never control the market, but you can learn to control yourself.
Stick to your plan, always define your strategy before entering a trade but not
during the trade.
Price is the group leader, it will tell you what to do.
Successful trading stands on three pillars. You need to analyze the balance of
power between bulls and bears. You need to practice good money management. You
need personal discipline to follow your trading plan and avoid getting high or
depressed in the markets.
Professional traders get out of losing trades fast. When the market deviates from
your analysis, you have to cut losses without fuss.

If a moving average has not reached a new high or low in a month, then the market
is probably in a trading range.
the distance from your entry to the protective stop, multiplied by position size
can never be more than 2 percent of your account equity.
Beginning traders try to forecast the future. Professionals don’t forecast; they
measure the relative power of bulls and bears, monitor the trend, and manage
their positions.

A professional futures trader surprised me early in my career when he told me he

spent a third of his time on risk management.