I was finally able to listen to last week's roundtable presentation and I appreciated it. That's the first presentation or interview that I've listed to from him. I shouldn't have watched it so late into the night when I was spent, so I probably didn't get as much from it as I could, but it was interesting. Especially that we both started trading options around the same time and I wasted so much time with binary gambling and he progressed like he did! That was pretty encouraging because it means I just need to focus. But, overall, I'm struggling a little to remember what the point I got from the presentation. Here's what I think he was saying: Be willing to take risks and accept that losses come with the risks. We can plan a max loss amount, but it's not always necessary to honor that during intra-day moves. This resonated with me because I've closed positions down when I thought I'm supposed to cut out, even though I didn't think it was the right move, because I wanted to honor the rules I wrote at the beginning of the trade. I think the biggest advice I want to teach my son is that a losing trade doesn't mean it's not working. The only time I don't like the loss is when I knew I should have made an adjustment or started protecting profits and I didn't because I was waiting on a signal or some sort of confirmation from a friend or forum (see July M3 in my journal). I'm in a weird spot in my trading because I never had a goal of trading not to lose money, but to learn and follow a process, so I've already accepted losses are part o trading, but I haven't forced myself into a rule based system of adjustments, regularly taking profits, and taking losses. That's what I'm working on: have a regular system for taking and protecting profits, keep losers in a place where they make statistical sense with the overall plan. Hopefully this isn't too much of a ramble, but I'd like to read what you all got from the presentation and what were John's main points? What are you working on and how does this help you?