Getting excited by gains in a trade is the first step toward getting panicky when those gains are threatened.
- Dr. Brett Steenbarger
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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 ...
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 ...
To me, the "tape" is the final arbiter of any investment decision.
I have a cardinal rule: Never fight the tape!
- Martin Zweig
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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 ...
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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Don't try to buy at the bottom or sell at the top
- Bernard Baruch
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Bernard Baruch on Trading by DaytradingBias.com
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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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 ...
Assimilate into your very bones a set of trading rules that works for you.
- Linda Bradford Raschke
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Linda Bradford Raschke on Rules ...