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" ... As a performance psychologist working with traders and investors in financial markets, I have been privy to their performance journals and reviews. There are several important distinctions between the journals and reviews of the most successful traders and their peers. The less successful trader uses the journal to vent frustration, often blaming circumstances for poor performance. Poorer performers also tend to gloss over their mistakes and setbacks, placing them in contexts that reduce their painfulness. For instance, a trader might note a series of losses, but explain that others lost money during this period as well. ... "