"DON’T HOPE AND PRAY. IF YOU DO YOU WILL LOSE."

DON’T HOPE AND PRAY. IF YOU DO YOU WILL LOSE.
When I was a new and undisciplined trader, I can’t tell you how many times that I prayed to the “Emini god”. My prayers were a plea to help me out of a less‐than‐pleasant trade position. I would pray for some sort of divine intervention that, by the way, never materialized. I soon realized that praying to the “Emini god” or any other "financial markets God” was a wasted exercise. Just get out! 

"GET OUT OF YOUR LOSERS"

GET OUT OF YOUR LOSERS You are not a “loser” Because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. It’s amazing to me how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then it’s probably no good. Time to exit.

"EARN THE RIGHT TO TRADE BIGGER."

"YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY."

YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY. Never put yourself in the precarious position of losing more money than you can afford. The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low and your brokerage firm will not allow you to continue unless you submit more funds.
The most important rule is survival. If you don't survive, you can't keep on playing.