The most important rule of trading is to play good defence, not great offence.
- Paul Tudor Jones
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Paul Tudor Jones on Defense ...
The smart money always loses money shorting bubbles because they cannot comprehend that it could go as high as it does.
- Jim Rogers
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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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Speculation is most dangerous when it looks easiest.
- Warren Buffett
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Warren Buffett on Risk by DaytradingBias.com
Anyone who buys or sells a stock, a bond or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling.
- Richard ...
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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If you really know what's going on, you don't even have to know what's going on to know what's going on... You can ignore the headlines because you anticipated them ...
There is no holy grail, and there is no magical system. You have to win the battle within you first before you can win with the markets.
– Maria Psarra
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The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money ...