The literary Slavic language was based on the Bulgarian dialect of Thessaloniki. Fontovi cirilica.

With today's technology, it is easy to test a trading idea before risking real money. Known as, this practice applies trading ideas to historical data, allows traders to determine if a trading plan is viable, and also shows the expectancy of the plan's logic. Once a plan has been developed and backtesting shows good results, the plan can be used in real trading.

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The key here is to stick to the plan. Taking trades outside of the trading plan, even if they turn out to be winners, is considered poor trading and destroys any expectancy the plan may have had. Trading is a competitive business, and it's safe to assume the person sitting on the other side of a trade is taking full advantage of technology. Charting platforms allow traders an infinite variety of methods for viewing and analyzing the markets.

Backtesting an idea on historical data prior to risking any cash can save a trading account, not to mention stress and frustration. Getting market updates with smartphones allows us to monitor trades virtually anywhere. Even technology that today we take for granted, like high-speed internet connections, can greatly increase trading performance. An ineffective trading plan shows much greater losses than anticipated in historical testing.

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Markets may have changed, volatility within a certain trading instrument may have lessened, or the trading plan simply is not performing as well as expected. One will benefit from remaining unemotional and businesslike. It might be time to reevaluate the trading plan and make a few changes or to start over with a new trading plan. An unsuccessful trading plan is a problem that needs to be solved.

It is not necessarily the end of the trading business. It is important to stay focused on the big picture when trading.

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A losing trade should not surprise us—it is a part of trading. Likewise, a winning trade is just one step along the path to profitable trading. It is the cumulative profits that make a difference.

Once a trader accepts wins and losses as part of the business, emotions will have less of an effect on trading performance. That is not to say that we cannot be excited about a particularly fruitful trade, but we must keep in mind that a losing trade is not far off.

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Commentaries by Bruce Babcock for New and Experienced TradersThe Seven Habits of Highly Effective Futures TradersStephen Covey's The Seven Habits of Highly Effective People has been on the national best-seller lists for years-first as a hardback and then as a paperback.