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
To me, the "tape" is the final arbiter of any investment decision.
I have a cardinal rule: Never fight the tape!
- Martin Zweig
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You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael Marcus taught me about making your best judgment, being wrong, making your next best ...
Holding cash is uncomfortable, but not as uncomfortable as doing something stupid.
– Warren Buffett
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Warren Buffett on Cash by DaytradingBias.com
Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women).
- Richard Wyckoff
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The Tape Reader's profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears ...
... if you cannot accept that losses will occur, then you cannot accept a good trading system that will make a lot of money in the long run but might ...
Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will ...
Traders often repeat the same mistakes over and over, acting on triggers that have served them poorly time and time again even as they continue to expect a tidy profit ...
Stress is literally kryptonite to traders. Stress disrupts their equilibrium and affects their decision-making. Anything we can do to minimize the “yips” will flow directly to the bottom-line.
- Gatis ...