The game taught me the game. And it didn’t spare me the rod while teaching.
- Jesse Livermore
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Jesse Livermore on Game by ...
When the facts change, I change my mind. What do you do, sir?
- John Maynard Keynes
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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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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 ...
Assimilate into your very bones a set of trading rules that works for you.
- Linda Bradford Raschke
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The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade
- Bruce Kovner
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... 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 ...
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 ...
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. ...
What sets successful traders apart?
......Most people think that winning in the markets has something to do with finding the secret formula. The truth is that any common denominator among the ...