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
... 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 ...
There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of ...
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 ...
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.
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The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
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You don’t want to hold a position when you don’t understand what’s going on. That doesn’t make any sense.
- Bill Lipschutz
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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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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
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Don’t overestimate the skill and wisdom of professionals.
- Peter Lynch
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Peter Lynch on Professionals by DaytradingBias.com