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
It is not that we had any unfair knowledge that other people didn't have, it is just that we did our homework. People just don't want to believe that anyone ...
They trade too much. They don’t pick their spots selectively enough. When they see the market moving, they want to be in on the action. So, they end up forcing ...
The best investors talk about being keenly aware of what they know and don’t know. Mediocre or dishonest investors pretend they know. Bad investors don’t even know they don’t know.
...
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.
...
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 ...
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 ...
Lose Your Opinion, Not Your Money
- Linda Bradford Raschke
Embed This Image In Your Site (copy code below):
Linda Bradford Raschke on Opinion by DaytradingBias.com
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 ...