Traders must have the perseverance to stick to trading until they break through to success.

  Be patient with winners letting them go as far as they can but be impatient with losers exiting when you are proven wrong.

  Here Are The Ten Common Mistakes New Traders Are Making: They jump from trading strategy to trading strategy.

Being a Know-it-all: Wanting to be right about everything more than wanting to make money is very unprofitable.

There is a concept in risk management that you’ll here about, the 2% rule, although each person may have a slightly different set of standards.