“Remember that it’s a marathon not a sprint. Slow and steady is the way to go; don’t get ahead of yourself. It’s important to have a clear plan and stay in the present to make sure that your evolution as a trader is a structured one.”

– 50Pips

“No matter how solid you get, inevitably, you are going to be confronted with a lot of irrational, adverse and irritating things over the years. The quicker and better you get at accepting/internalizing them, the faster you are going to continue to grow/evolve both as a person and as a trader.”

– 50Pips

“It is far easier to have a plan, wait for the conditions you are looking for to line-up and simply execute than to show up and wonder what you should do. In the long run, traders that can take emotions and bias out of the equation and decisively execute, will consistently have better restuls and less p&l swings. ”

– 50Pips

“There is very little to be gained by actively looking at your p&l. The focus should be on what you are trying to do and not how that translates into your bottom line. If you have done your homework, you already know what the consequences of your actions will be. The vast majority of traders benefit from taking their p&l completely off their screens and not letting it distract from the task at hand.”

– 50Pips

“You can choose to blame others for your trading results or you can accept responsibility for your actions and work on honing your craft. Remember that you have luxury of deciding if, when and at what levels you decide to engage your capital. Stop blaming your broker, the platform, someone on your feed or a central bank. Sadly, many newer traders forget this key point; good or bad, it’s all on you.”

– 50Pips

“Goals and dedication go hand in hand. You have to commit and the level of your commitment has to be commensurate with what you are trying to achieve.”

– 50Pips

“Successful people tend to be extremely passionate and resilient. However, unless you have realistic expectations and the patience to do things the right way, passion and resilience will likely just increase your struggles. You need to put yourself in a position to succeed.”

– 50Pips

“Don’t forget that despite an ever-changing and evolving context, it’s pretty much always the same movie.”

– 50Pips

“The key balancing act is; being a flexible humble student of price action and market psychology whilst being rigid on positive reinforcement and mechanical execution in a live environment.”

– 50Pips