An article in todays Mail (bought by Mrs Owl I might add). http://www.dailymail.co.uk/news/article-2395877/A-terrifying-parable-addictive-power-internet-gambling-It-began-5-online-bet-Then-ex-Major-gambled-away-750-000--family.html?ico=home^editors_choice_six_of_the_best OK so it's about online gambling but it could equally be about Trading. Be under no illusion, as a trader you are ALWAYS WRONG. There is no room as a trader for you to be RIGHT. The market is ALWAYS right. Before you take a trade consider how much you are prepared to LOSE and stick to that limit. Never ever allow a losing trade become a bigger loser in the "hope" that the price will have to rise sometime. Mining stocks at the end of last year is proof of that. Unless you are someone who will cut their wrists and watch yourself bleed to death in the hope that an ambulance will arrive in time, Place a trade with Stop losses and pre determined Targets then walk off and leave it. Staring at a trade is not going to help it move your chosen direction. If someone tells you that you have a natural talent for being able to read the markets and it makes you feel good then it means you are a WAKNER. Recognise this in yourself. Only trade an account with money you can AFFORD to lose. Scared money is scared trading. If you arrogantly think that your status in life will help you to survive in the markets then you will almost certainly get crushed. The above are some of the doom and gloom words in my own Trading Plan written 5 Years ago. I am still in the market and still in the money so to speak. The article contains examples of all of these faults yet still traders ignore them which is why around 90% lose money over time. Love some feedback.