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
You don’t want to hold a position when you don’t understand what’s going on. That doesn’t make any sense.
- Bill Lipschutz
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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
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Getting excited by gains in a trade is the first step toward getting panicky when those gains are threatened.
- Dr. Brett Steenbarger
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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 ...
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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The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
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If you don't know who you are, this is an expensive place to find out.
- George Goodman
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... if you cannot accept that losses will occur, then you cannot accept a good trading system that will make a lot of money in the long run but might ...
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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