**do not personalize success and take responsibilities for failures **(XII)

1. the easiest way to lose success to become convinced that you are successful (4)

2. if you can’t do something pay someone else who can and don’t worry about it (26)

3. a plan means to think before acting and not simultaneously (121)

4. do home works (i.e. research, testing, trial and error) and define the parameters with rules (125)

5. you can’t calculate the probability a trade being profitable, you can only calculate your exposure. So all you can do is manage your losses, not predict profits (126)

6. determine exit and entry criteria before trading

7. Rand’s lead: think before you answer, if you even answer (139)

8. do not worry about why something happens in the markets. The objective is to make money, not to understand the markets.