Great traders do their best work when they are not trading; unsuccessful traders do not work when they are not trading. – Dr. Brett Steenbarger Embed This Image In Your Site (copy code below): Brett Steenbarger on Work by DaytradingBias.com
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 below): Brett Steenbarger on Excited by DaytradingBias.com
The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
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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 ...
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 ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
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The game taught me the game. And it didn’t spare me the rod while teaching.
- Jesse Livermore
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Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will ...
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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Rule number one of investing is never lose money.
Rule number two is never forget rule number 1.
- Warren Buffett
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Stress is literally kryptonite to traders. Stress disrupts their equilibrium and affects their decision-making. Anything we can do to minimize the “yips” will flow directly to the bottom-line.
- Gatis ...
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 ...