The financial markets are complex. It is not possible to accurately predict specific price movements of any stock, futures, bonds or any financial instrument with great certainty. The very best traders get it right 70-80% of the time. Elite traders know they will be wrong 20-30% of the time, but that doesn’t bother them because they know how to manage risks to maximize profits and minimize loses with the mentioned percentage winners. It seems obvious, but countless traders continue to lose hard earned money. Some of these traders keep losing because they care more about being right than making money.

When the mind is clear to only concern itself with making money and not being right, more money will be made. When the mind doesn’t have to spend energy defending a wrong position it is free to create and execute the most advantageous positions to profit. Never forget why you are in the market: To make money!