The pictures presented make a lot of sense to me. As traders, it will be helpful to have control over your emotions to be successful. Over-trading is one main reason why traders go broke easily. When they don't have a budget or trading plan, it might lead to putting in more than our risk level, which could lead to deep losses.

Always taking gains, no matter how small, is good advice. I know some traders who always target to get huge profits. Because of that, they neglect the opportunity to cover losses or make small gains. Traders shouldn't be greedy because it is better to gain small than to keep waiting for high profits.

I remember the days in school exams when you erased the right answer and chose the wrong one you copied from a friend because of a lack of confidence. Once you know you did a proper analysis, stick to it regardless of FUD emanating from different areas.

Some traders decided to delegate their trading profession to robots. Robots or bots cannot replace humans, so there is a need to monitor your trade closely.