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 below): Edward Thorp on Market Efficiency by DaytradingBias.com
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 ...
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 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 ...
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 ...
Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
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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 ...
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 ...
Lose Your Opinion, Not Your Money
- Linda Bradford Raschke
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Linda Bradford Raschke on Opinion by DaytradingBias.com
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 ...