If you want to have better performance than the crowd, then you must do things differently from the crowd. – Sir John Templeton Embed This Image In Your Site (copy code below): Sir John Templeton on Performance by DaytradingBias.com
There can be a huge gap between what you understand about the markets and your ability to transform that knowledge into consistent profits.
- Mark Douglas
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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 ...
Listen to what the market is saying about others, not what others are saying about the market.
- Richard Wyckoff
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Richard Wyckoff on ...
We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes while the losers make big mistakes.
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Successful trading is about finding the rules that work and then sticking to those rules.
- William J. O’Neil
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Don't be a hero. Don't have an ego. Always question yourself and your ability.
Don't ever feel that you are very good. The second you do, you are dead.
- Paul ...
We use technical analysis not because we think it means something, but because other people think it means something. We are always looking for market participants to take us out ...
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 markets are the same now as they were five or ten years ago because they keep changing — just like they did then.
- Ed Seykota
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