1.  Consistent profitability has nothing to do with our predictive abilities.

2.  With each new trade we cannot place any undeserved significance (e.g. “this is the perfect setup”) on its outcome.

3.  We cannot expect the trade to do anything for us other than provide the information needed for us to either hold or exit.   The process by which we have determined our trade setup will also be our guide for exiting (win, lose, or draw).

4.  We accept that we have control over the process but absolutely no control over the outcome.

5. We accept that our current trade setup may look exactly like past opportunities, profitable or not, but may produce an entirely different result due to the collective beliefs and decisions of other market participants.