To trade like a trader, you must think like a trader

Nobody can teach you how to think for yourself. But there are certain ways of thinking, which one can learn through practice, that will lead to consistent behavior that is necessary for trading. The best way to change habit patterns and to overcome the fear and greed cycle is to develop confidence. Confidence comes from practice and testing and, therefore, knowing what your own trading system is capable of achieving. This kind of preparation is indispensable for success in trading. If you know that by using your system, that has been tested hundreds of times, you are capable of producing six out of ten profitable trades, then you can devise a method of risk management that will quickly stop the losing trades yet allow the winning trades to produce. If your profitable trades are twice as good as your losing trades, you will make money. Trading is not wishful thinking, but rather scientific application of speculative principles. Once you have learned the right way to approach trading, it becomes possible to be a consistent winner.