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Myth:  Trading is all about making money
Reality:  Trading is about developing skills

Myth:  Most people make money trading
Reality:  The high majority of people lose money trading

Myth:  Managing profits is the most important part of trading
Reality:  Managing losses is the most important part of trading

Myth:  The key to successful trading is good trade entries
Reality:  The key to successful trading is good trade management

Myth:  Trading is about having the best trading system or indicator(s)
Reality:  Every trading method has ‘some’ probability of success, proper trade management greatly increases this
             
Myth:  “The futures are way up this morning, today is going to rock!”
Reality:  It has (past tense) already “rocked” …  the question is, where does it go from here?

Myth:  “Market has bottomed, ES has upside potential of $XXXX!” (Analysts)
Reality:  The market is already up more than 15% this month and is hitting resistance

Myth:  “BONDS are going up, they’re looking really strong!” (Momentum Traders)
Reality:  Can you guess who are long the BONDS?