Benny listed some specific rules: don’t play takeover stocks; be patient; don’t take home losers; don’t average down; eliminate the things you do poorly; stop rationalizing your mistakes by pointing to how well you are doing. make the commitement, create your own lists, and live by the lists. The one thing that has to be on the list is to be brutally honest with yourself. (38)

1. The key element in all forms of centering is actively blocking out all thoughts except the object you are focusing on and/or the process of focusing itself (52).

2. Trade as if the money in not mine (by Enrico).

3. the mental image you have of an event influences your performance in that event (59).

4. focus on the means tather than the end. if you focus on your efforts, the results will take care of themselves (80)

5. after a series of losing trades, it is beneficial to take a break from your trading, get centered, and spend time remembering and recreating the images and feelings associated with past successful trades (87)

6. the best way to improve is to do more of what you do best (99)

7. once you have determined the goal, your task is to determine what you need to do to trade consistely with the goal. It is not essential to think about the goal once you have established it and the steps for realizing it. You define your strategy in terms of the goal but you do not obesessed with the goal. (103)

8. it is your ability and your effort that are crtitical to your success (107)

9. past events are not correlated with future events and do not predict them (118)

10. to be creative, a trader must take risks. It is unavoidable. To grow, a trader needs to learn how to take risks by measuring the risk/reward ration. The goal is to trade when there is a favorable risk. (157)

11. non comprare titoli illiquidi (159)

12. plan before you trade; control emotion; take action; be decisive;use the rules as guidelines but remain adaptable in response to changing circumstances; determine the amount of capital you are willing to risk on a trade; be flexible; track your decisions; take time off if necessary; write your goal down (164)

13. you are a trader, not an investor (206) –> do not fall in love with stocks, build a strategy not around what you like but around what really works (209)

14. super traders don’t grow complacent, but keep aiming to upgrade their game. They center on the process, not just the result. (207)

15. success requires a consciuos promise to a future result without any centainty or guarantee about the outcome (226)

16. the critical thing is to recognize and admit failure and to keep going (231)

17. Commitment is about being fully engaged in your trading, not about getting the results. You play to win. But the game is not about winning. It is about playing wholeheartdly. Even if you produce the result you must be careful not to become enthralled with yourself or full of pride, which can lead you to lose it. (233)