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
Never risk more than 1% of your total equity in any one trade.
By risking 1%, I am indifferent to any individual trade.
Keeping your risk small and constant is absolutely critical.
...
If you make a bad trade and you have money management you are really not in much trouble. However, if you miss a good trade there is nowhere to turn. ...
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 ...
Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women).
- Richard Wyckoff
Embed This Image In Your Site ...
The game taught me the game. And it didn’t spare me the rod while teaching.
- Jesse Livermore
Embed This Image In Your Site (copy code below):
Jesse Livermore on Game by ...
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 ...
The most important rule of trading is to play good defence, not great offence.
- Paul Tudor Jones
Embed This Image In Your Site (copy code below):
Paul Tudor Jones on Defense ...
Getting excited by gains in a trade is the first step toward getting panicky when those gains are threatened.
- Dr. Brett Steenbarger
Embed This Image In Your Site (copy code ...
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 ...
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 ...