Just before trading your perfect trading setup: The best thing you can do is the right thing to do, the next best thing is the wrong thing, and the worst thing you can do is nothing.

Psychology: If I buy YES Bank at Rs 30, the maximum I will lose is only Rs 30 but if I buy Bajaj Finabce at Rs 4000, I may lose Rs 4000. But if you have Rs 4000, you will buy only one Bajaj Finance share but you will not buy only one share in YES Bank, you will buy 130 shares.

New traders need to stop focusing on winning percentage and worrying about being right on every trade and turn their focus to having small losses & big wins.