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 below): Vadym Graifer on Discipline by DaytradingBias.com
Participants act not on the basis of their best interests but on their perception of their best interests, and the two are not identical.
- George Soros
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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.
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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 ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
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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
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Investing is the only business I know that when things go on sale, people run out of the store.
- Mark Yusko
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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
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Lose Your Opinion, Not Your Money
- Linda Bradford Raschke
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Linda Bradford Raschke on Opinion by DaytradingBias.com