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
They trade too much. They don’t pick their spots selectively enough. When they see the market moving, they want to be in on the action. So, they end up forcing ...
The markets are the same now as they were five or ten years ago because they keep changing — just like they did then.
- Ed Seykota
Embed This Image In ...
In trading, you can’t hide your failures. Your equity provides a daily reflection of your performance. The trader who tries to blame his losses on external events will never learn ...
We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes while the losers make big mistakes.
...
One common adage...that is completely wrongheaded is: You can't go broke taking profits.
That's precisely how many traders do go broke.
While amateurs go broke by taking large losses, professionals go broke ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
Embed This Image In Your Site (copy code below):
Richard Wyckoff on ...
Successful trading is about finding the rules that work and then sticking to those rules.
- William J. O’Neil
Embed This Image In Your Site (copy code below):
William O'Neil on Success ...
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 ...
Speculation is most dangerous when it looks easiest.
- Warren Buffett
Embed This Image In Your Site (copy code below):
Warren Buffett on Risk by DaytradingBias.com