Recently talked with a hedge fund psychologist (will make a video on it soon) and these are the key takeaways I had - Your outside life will be reflected on the charts, what are your habits, diet? How's your fitness? Do you live a fulfilling life? How's your connection to God? Do you have other missions and goals that are non financial? - Ability to remove emotions from facts. As traders we will be trapped by our emotions, what we want to happen, and our personal identity on the charts. (Traders who are used to win big will never want to lose small, people who think that they NEED to be right will lose big when they do) If you can apply this principle to most things in life you will succeed. Always look at the facts and what is happening, do not let your ego and emotions steer you towards making a bad decision - You need to be at peace with losing, a lot. The more you lose the more you learn. And while this is true there is one big issue, traders don't know how to lose small, and that's why they remain unprofitable. Now I have an exercise for everyone here. Grab a notebook/journal. And for 10 minutes write down every reason behind why you haven't met your goals. Find the reason behind the why and then look at the root cause. Remove that root cause at all costs.