"Famous Traders" Posts
Jesse Livermore on Emotional Hurdles
Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralized, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer. – Jesse Livermore Embed This Image In Your […]
Linda Bradford Raschke on Money Management
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. – Linda Bradford Raschke Embed This Image In Your Site (copy code below): Linda Bradford Raschke on Money Management by DaytradingBias.com
Michael Marcus on Trading Skill
Bruce Kovner on Best Judgment
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 judgment, being wrong, making your third best judgment, and then doubling your money. – Bruce Kovner Embed This Image In Your Site (copy code below): […]
Bill Lipschutz on Winning
John Maynard Keynes on Irrational Markets
John Maynard Keynes on Anticipation
Nassim Nicholas Taleb on Opinions
When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate. – Nassim Nicholas Taleb Embed This Image In Your Site (copy code below): Nassim Nicholas Taleb on Opinions by DaytradingBias.com
Joseph de la Vega on Share Price
Charlie Munger on Economics
Economics is in many respects the queen of the soft sciences. It’s expected to be better than the rest. It’s my view that economics is better at the multi-disciplinary stuff than the rest of the soft science. And it’s also my view that it’s still lousy … – Charlie Munger Embed This Image In Your […]