Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
– George Soros
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.
- Jim Rogers
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A simple, albeit less than optimal, investment strategy that is easily followed trumps one that will abandoned at the first sign of under-performance.
- Tadas Viskanta
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Great traders do their best work when they are not trading; unsuccessful traders do not work when they are not trading.
- Dr. Brett Steenbarger
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There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of ...
I know from experience that nobody can give me a tip or series of tips that will make more money for me than my own judgement.
- Jesse Livermore
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Economics is in many respects the queen of the soft sciences. It’s expected to be better than the rest. It’s my view that economics is better at the multi-disciplinary stuff ...
When the facts change, I change my mind. What do you do, sir?
- John Maynard Keynes
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John Maynard Keynes on Facts by ...
There can be a huge gap between what you understand about the markets and your ability to transform that knowledge into consistent profits.
- Mark Douglas
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Never risk more than 1% of your total equity in any one trade.
By risking 1%, I am indifferent to any individual trade.
Keeping your risk small and constant is absolutely critical.
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