"Famous Traders" Posts

Jesse Livermore on Emotional Hurdles

By SushiBunny
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

By SushiBunny
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

By SushiBunny
Michael Marcus on Trading Skill

I think to be in the upper echelon of successful traders requires an innate skill, a gift. It’s just like being a great violinist. But to be a competent trader and make money is a skill you can learn. – Michael Marcus Embed This Image In Your Site (copy code below): Michael Marcus on Trading […]

Bruce Kovner on Best Judgment

By SushiBunny
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

By SushiBunny
Bill Lipschutz on Winning

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 make money being right only 20 to 30 percent of the time. – Bill Lipschutz Embed This Image In Your Site (copy code below): Bill […]

John Maynard Keynes on Irrational Markets

By SushiBunny
John Maynard Keynes on Irrational Markets

Markets can remain irrational longer than you can remain solvent. – John Maynard Keynes Embed This Image In Your Site (copy code below): John Maynard Keynes on Irrational Markets by DaytradingBias.com

John Maynard Keynes on Anticipation

By SushiBunny
John Maynard Keynes on Anticipation

Successful investing is anticipating the anticipations of others. – John Maynard Keynes Embed This Image In Your Site (copy code below): John Maynard Keynes on Anticipation by DaytradingBias.com

Nassim Nicholas Taleb on Opinions

By SushiBunny
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

By SushiBunny
Joseph de la Vega on Share Price

It is not important that the basic value of the shares be practically nothing as long as there are other people willing to close their eyes and support those contradictions. – Joseph de la Vega Embed This Image In Your Site (copy code below): Joseph de la Vega on Share Price by DaytradingBias.com

Charlie Munger on Economics

By SushiBunny
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 […]