1. Consumption drives markets - your neighbor's spending habits are for more important than your thoughts on the economy.

2. Markets and economies are as resilient as people - consider Mankind's progress over the last 50 years.

3. It is rarely a good idea to bet against human progress -- consider Mankind's progress over the last 250 years.

4. Economic releases are stale - April's sales figures don't get released till May.

5. Counter-trend climaxes - aka "market crashes" -- are the lowest risk time to join a trend. Look at a Monthly Chart of the S&P 500 over any historic time frame.

6. Good trades are like trains - never chase one because there will always be another one coming along shortly; look at any daily chart of any major currency over any time period.

7.Risk and trade selection need to be based on math and statistics - if you do not abide by this you will lose.

8. Think like a farmer -- you produce and let others consume.

9. Let the market do the thinking for you - when paddling down a river it is far better to stay in the middle and let the current guide you than by guessing which way the river will bend next.

10. The only thing to fear is your own opinion.

Jay Norris teaches at Trading-U.com His weekly forecasts are available at: https://www.youtube.com/watch?v=vIXFgTV7lr4&list=UUpDG0rApTnTNBfOI0I7jNeQ