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
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
Embed This Image In ...
If you don't know who you are, this is an expensive place to find out.
- George Goodman
Embed This Image In Your Site (copy code below):
George Goodman on Stock Market ...
The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
Embed This Image In Your Site (copy code ...
You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael Marcus taught me about making your best judgment, being wrong, making your next best ...
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 ...
Being wrong is acceptable, but staying wrong is totally unacceptable.
Being wrong isn’t a choice, but staying wrong is.
- Mark Minnervini
Embed This Image In Your Site (copy code below):
Mark Minnervini ...
Don’t let the outcome of one trade alter your trading discipline. One trade doesn’t make a system.
- Vadym Graifer & Christopher Schumacher
Embed This Image In Your Site (copy code ...
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 ...
Rule number one of investing is never lose money.
Rule number two is never forget rule number 1.
- Warren Buffett
Embed This Image In Your Site (copy code below):
Warren Buffett on ...
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
Embed ...