I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to ...
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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Rule number one of investing is never lose money.
Rule number two is never forget rule number 1.
- Warren Buffett
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Warren Buffett on ...
It is not important that the basic value of the shares be practically nothing as long as there are other people willing to close their eyes and support those contradictions.
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Speculation is most dangerous when it looks easiest.
- Warren Buffett
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Warren Buffett on Risk by DaytradingBias.com
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 ...
... 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 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 ...