The game.

If you want to play then decide three things at the start of the game: the rules , the stakes, and the quitting time.

Markets are complex systems that are always in motion.There are very few rules.In trading, we make our own rules and strive to take money from other people before they take our money. This is serious business, because it is our hard-earned money that we put at risk.

Why do so many 

traders fail? Main reasons for this, but the fundamental one centers around belief.

You are not really trading the markets, you are trading your beliefs.This is the area where the majority fails.You are what you believe, and if you don't know who you are or what you believe, the market is a very expensive place to find out. Why? Because you will act out your emotional tendencies and insecurities and others will exploit them.Those who know themselves take money from those who do not know themselves.

What is a price chart?It is a representation of what you think and what you feel by the way of price and volume.Emotions plotted - Simple. That's it. You buy a stock because you believe that the stock will go up and give you profits - GREED.Others buy for the same reason.You sell because of fear of loosing profits and capital.

Someone is buying, and someone is selling to them. That means that these people are trading their beliefs which are opposite of each other.Else, there would be no price movement and no chart.

Movement occurs when the loser decides to get out, because the winner can wait. This is the edge that people have when they let profits run.

Cut your losses and let your profits run.