Edge

To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.----Trading to Win, Ari Kiev

Courage

Life shrinks or expands in proportion to one's courage.----Anais Nin

Understanding Yourself

There are no certainties in this investment world, and where there are no certainties, you should begin by understanding yourself.—James L. Fraser

Consequences

In nature there are no rewards or punishments; there are consequences.
— Horace Annesley Vachell (The Face of Clay, 1861-1955)

Black Swan

What we call here a Black Swan (and capitalize it) is an event with the following three attributes.First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.--- Nicholas Nassim Taleb