Most traders only want to manage risk from the loss side. However, it's imperative that you manage your profits. Don't get sucked into letting too many nice trades turn into losing trades - because you wanted more. Get good at scaling out of winners, manage yourself more than your trade. That's where accumulation and consistency come from.

When you can read real time price structure, you can set reasonable expectations for profits and loss. Knowing where your exits are before your entries allows you the opportunity not to be surprised.

Losing trades are like walking down an alley and something jumps out at you - you're surprised and emotional. At least, know where the monsters are hiding. In that way, you're not surprised and if you're not surprised you're not as emotional.