Blessed are those who, in the face of death, think only about the front sight.

"What would I do if?.." By thinking tactically, we can more easily arrive at correct tactical solutions, and practice - even theoretical practice - tends to produce confidence in our solutions which, in turn, makes it easier for us, and thus quicker, to reach a decision.

Now how do we cultivate an aggressive response? I think the answer is indignation... Your response, if attacked, must not be fear, it must be anger.

Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.

I think the works of W.D. Gann and Robert Prechter have inspired me more than anyone else. It was from their writings that I discovered cycles, patterns, and psychology dominate the market, and that the news breaks with the cycles, not the other way around.