The market can do anything at any moment because every person who trades is a market variable.  That means you will never learn enough to anticipate every possible way that the market can make you wrong or cause you to lose money.  

 Learn to accept the risk.  When you accept the risk, you won’t perceive anything that the market can do as threatening.  

People , expressing their beliefs and expectations about the future, make prices move- not models.  The fact that a model makes a logical and reasonable projection based on all the relevant variables is not of much value if the traders who are responsible for most of the trading volume aren’t aware of the model or don’t believe in it.  In other words, people who trade don’t always act in a rational manner.

 If you have to win, if you have to be right, if you can’t lose or can’t be wrong, you will cause yourself to define and perceive categories of market information as painful.  In other words, you will view as painful any information the market generates that is in opposition to what will make you happy.

 Intelligence and good market analysis can certainly contribute to success, but they aren’t the defining factors that separate the consistent winners from everyone else.