Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will ...
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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The Tape Reader's profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears ...
... 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 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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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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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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Take home runs when you can, but don’t beat yourself up about missing a few. One trade should never make or break your account.
- Vadym Graifer & Christopher Schumacher
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Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women).
- Richard Wyckoff
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Stress is literally kryptonite to traders. Stress disrupts their equilibrium and affects their decision-making. Anything we can do to minimize the “yips” will flow directly to the bottom-line.
- Gatis ...