1. New Traders are greedy and have unrealistic expectations; Rich Traders are realistic about their returns. 2. New Traders make the wrong decisions because of stress; Rich Traders are able to manage stress. 3. New Traders are impatient and look for constant action; Rich Traders are patient. 4. New Traders trade because they are influenced by their own greed and fear; Good Traders use a trading plan. 5. New Traders are unsuccessful when they stop learning; Rich Traders never stop learning about the market. 6. New Traders act like gamblers; Rich Traders operate like businesspeople. 7. New Traders bet the farm; Rich Traders carefully control trading size. 8. For New Traders huge profits are the #1 priority; for Rich Traders managing risk is the #1 priority. 9. New Traders try to prove they are right; Rich Traders admit when they are wrong. 10. New Traders give back profits by not having an exit strategy; Rich Traders lock in profits while they are the