It's not about being right or wrong, rather, it's about how much money you make when you’re right and how much you don’t lose when you’re wrong.
– George Soros
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Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
- Ed Seykota
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Losses can either be lost money, or tuition in the school of trading.
- Mark Moskowitz
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Mark Moskowitz on Losses by DaytradingBias.com
If you make a bad trade and you have money management you are really not in much trouble. However, if you miss a good trade there is nowhere to turn. ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
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Richard Wyckoff on ...
The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what's going to happen contradicts my way of looking at ...
It wasn't anything to be proud of, when you think that I had been broke three times in less than two years. And being broke is a very efficient educational ...
Investing is the only business I know that when things go on sale, people run out of the store.
- Mark Yusko
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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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People who fight change are fighting inevitability itself.
- Jim Rogers
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Jim Rogers on Change by DaytradingBias.com