"Mark Yusko" Posts

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 ...

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. ...

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 ...

Don’t overestimate the skill and wisdom of professionals. - Peter Lynch Embed This Image In Your Site (copy code below): Peter Lynch on Professionals by DaytradingBias.com

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 ...

The constant monitoring and obsessive reasoning behind moves in a portfolio will never allow you as an investor to allow your profits to run. - Ali Meshkati Embed This Image In ...

The most important rule of trading is to play good defence, not great offence. - Paul Tudor Jones Embed This Image In Your Site (copy code below): Paul Tudor Jones on Defense ...

Take home runs when you can, but don’t beat yourself up about missing a few. One trade should never make or break your account. - Vadym Graifer & Christopher Schumacher Embed ...

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 ...

One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke ...