On picking tops or bottoms.
The Master Trader controls the impulse to do the impossible, which is picking tops or bottoms. Instead, he bases his trades on information and strategy instead of emotional guesses. He will wait until a falling stock begins moving up before buying or a rising stock turns down before shorting. Even if he misses the first move, at least he trades on the actual movement of the stock.
Patience, not emotions.
Trading correctly requires a willingness to be uncomfortable.
The master trader buys more if his positions are working and gets out when his positions aren't working.
Success requires discipline and the ability to tolerate anxiety and uncertainty.