I thought it might be interesting to do a series of rules of the next posts on the Blog. I thought, I'd do 10 psychological rules, 10 business planning rules, 10 system development rules, and perhaps 10 miscellaneous rules. That might fill this Blog for some time. Won't promise that I'll post that much but let's start out with the first of the 10 psychological rules.

RULE 1: You create your trading results. If you assume that you are totally responsibile for your trading results, then you'll be continually eliminating mistakes. If you blame your results on someone or something else... if you justfiy your results... if you blame yourself, and any of 1000 other things you could do besides taking totally responsibility for your results, then you'll be hinding mistakes and repeating them over and over again.

But the way, most of you can probably buy into this rule when I phrase it this way. But when I say correlaries of this rule (i.e., everything is psychological or you are totally responsibile for your results) then most people will tend to disagree. Nevertheless, it is all the same. And it is the NUMBER ONE RULE. When you master this one, you have a chance.