As in life so also in trading…if you are going to succeed you will have to learn to fail and fail often.  Don’t take failure personally as if something is wrong with you or the market is out to get you.  The markets do not care about your analysis, or your indicators, or your chart patterns.  The markets simply test the resolve of those who choose to play the game.

Your long term success will be based on your willingness to keep on speculating while managing uncertainty, fear and greed, losses and gains, the knowns and the unknowns.  Success is about speculating again after multiple, managed losses knowing that the next big winner may just be the next trade.  Success is about speculating again after a winner, not fearing that the next trade may chip away at your recent gains.