The Seven Secrets of the Highly Successful Trader! - 6) VIEW TRADING AS A SCORE IN POINTS AND NOT MONEY

Simply put, forget about the money. Follow your rules and pretend you are playing with chips. Be happy that you stuck to your rules and are winning the game. But if you think too much about the money then the losses will eat you up. You have to look at the big picture and the best way to do that is to forget about the money. In action terms, it means to stop looking at the newspaper every morning to see if your stock has gone up or down. If it hasn't triggered one of your actions (like exit or another entry) then don't worry about it because it doesn't concern you until action is required. If you stick to your rules then you really shouldn't even need to know anything about your stocks or your money until action is required (and even then you can automate most of those processes). The top traders never saw their trading as a cash box. They were either running a business or playing a game. It just is not possible to become a top trader if you view every single tick in the market as money lost or money gained.