I think the most crucial thing for a trader is to truly understand what you're doing. When you have a solid grasp of your strategy, your emotions are less likely to take the wheel. You're confident that your approach will lead to profits, which lets you stay calm while you work. Trading is a mental game, and once emotions get involved, they can cloud your judgment, leading to regrets later on.

As you spend more time trading, you're bound to experience a full spectrum of emotions. The market's wild volatility can be like a roller coaster ride. But with knowledge and experience, you're more likely to maintain discipline.

One last piece of advice: don't mix trading and drinking. Trust me on this based on my experience.