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Successful traders use their trade journal to find out about themselves in an objective way. They realize that their trading activities produce results and the results hold valuable information about themselves and offer the keys to improving the results of their activities.

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Scared money never wins. It's wrong to borrow money to trade or take out a second mortgage on your home for trading capital. The way to begin is to determine how much you could afford to lose financially and then from that amount determine how much money you could afford to lose emotionally.

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Get comfortable with risk and learn how to manage it. Habit # 7 - The Habit of Keeping a Trade Journal. Successful traders keep a trade journal of their trades and periodically review it as a way to refine their approach to profiting from the futures and commodities market. There is a tremendous amount of valuable information in your losing trades.