A simple, albeit less than optimal, investment strategy that is easily followed trumps one that will abandoned at the first sign of under-performance. – Tadas Viskanta
Traders often repeat the same mistakes over and over, acting on triggers that have served them poorly time and time again even as they continue to expect a tidy profit ...
It wasn't anything to be proud of, when you think that I had been broke three times in less than two years. And being broke is a very efficient educational ...
Lose Your Opinion, Not Your Money
- Linda Bradford Raschke
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Linda Bradford Raschke on Opinion by DaytradingBias.com
Patience is the key to success not speed.
Time is a cunning speculator's best friend if he uses it right.
- Jesse Livermore
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Jesse Livermore ...
We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes while the losers make big mistakes.
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You don’t want to hold a position when you don’t understand what’s going on. That doesn’t make any sense.
- Bill Lipschutz
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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 ...
The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
- Linda ...