It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.
Every trader has strengths and weaknesses. Some are good holders of winners but may hold their losers a little too long. Others may cut their winners a little short but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.
“Frankly, I don’t see markets; I see risks, rewards, and money.” - Larry Hite
“Trading doesn’t just reveal your character; it also builds it if you stay in the game long enough.” - Yvan Byeajee
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
“Do not anticipate and move without market confirmation - being a little late in your trade is your insurance that you are right or wrong.” - Jesse Livermore
GET READY!!! AUDCAD IS GOING TO BUY SOON !!! Again GOLD is kissing my Supply for the second time and maybe for the last time before Massive Drop. Hello Level 2650.00 ( +27 691 362 472 )
“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” -William O’Neil
“I always define my risk, and I don’t have to worry about it.” – Tony Saliba
“Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite
“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 every day, as though they were working for regular wages.” – Jesse Livermore
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones.
There is a time to go long and a time to go short and a time to go fishing .. !!
“Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets”. - Michael Carre to go fishing.” - Jesse Livermore
“The market is a device for transferring money from the impatient to the patient.” - Warren Buffet
“I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse Livermore
“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter