The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to become a successful trader.

You do anything long enough to escape the habit of living until the escape becomes the habit.

Yes - Action is the key! Cuz - when we take action we get a result - it might not always be the result we want but nevertheless it's a result - something we can learn from.

My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7%, and usually I am out of a losing stock a lot quicker. I make my money on the few stocks a year that double and triple in price. The profits in those trades easily makes up for all the small losers.