Speculation is most dangerous when it looks easiest. – Warren Buffett Embed This Image In Your Site (copy code below): Warren Buffett on Risk by DaytradingBias.com
Holding cash is uncomfortable, but not as uncomfortable as doing something stupid. – Warren Buffett Embed This Image In Your Site (copy code below): Warren Buffett on Cash by DaytradingBias.com
Rule number one of investing is never lose money. Rule number two is never forget rule number 1. – Warren Buffett Embed This Image In Your Site (copy code below): Warren Buffett on Money Management by DaytradingBias.com
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 ...
Never risk more than 1% of your total equity in any one trade.
By risking 1%, I am indifferent to any individual trade.
Keeping your risk small and constant is absolutely critical.
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Don’t overestimate the skill and wisdom of professionals.
- Peter Lynch
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Peter Lynch on Professionals by DaytradingBias.com
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 ...
The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade
- Bruce Kovner
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Being wrong is acceptable, but staying wrong is totally unacceptable.
Being wrong isn’t a choice, but staying wrong is.
- Mark Minnervini
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
– George Soros
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.
- Jim Rogers
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