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
Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
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Take home runs when you can, but don’t beat yourself up about missing a few. One trade should never make or break your account.
- Vadym Graifer & Christopher Schumacher
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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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Don't be a hero. Don't have an ego. Always question yourself and your ability.
Don't ever feel that you are very good. The second you do, you are dead.
- Paul ...
The game taught me the game. And it didn’t spare me the rod while teaching.
- Jesse Livermore
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Patience is the key to success not speed.
Time is a cunning speculator's best friend if he uses it right.
- Jesse Livermore
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If you want to have better performance than the crowd, then you must do things differently from the crowd.
- Sir John Templeton
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When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more ...
We use technical analysis not because we think it means something, but because other people think it means something. We are always looking for market participants to take us out ...