“Try to figure out what your skill set is and apply that to the markets.” - Edward Thorp, Hedge Fund Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“You have to trade your personality. You have to feel at peace with how you’re trading.” - Richard Bargh, Unknown Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“If there is one principle that you cannot violate, it is: Know what you can lose.” - Scott Ramsey, Hedge Fund Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“I believe in defining my risk. I don’t believe in defining my reward.” - Tom Hougaard, Best Loser Wins
Sharpen the edge: risk small, learn fast, last long.
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“I never want a position where I am hoping that it will work.” - Amrit Sall, Unknown Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“You can’t win if you’re trading at a leverage size that makes you fearful of the market.” - Howard Seidler, The Little Book of Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“While amateurs go broke by taking large losses, professionals go broke by taking small profits.” - William Eckhardt, The New Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“When I am wrong, the only instinct I have is to get out.” - Michael Platt, The Little Book of Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“They do not have a plan, a set of principles, or rules to guide them.” - William O’Neil, Market Wizards Interviews with Top Traders
Sharpen the edge: risk small, learn fast, last long.
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“The market will do what the market will do.” - Tom Basso, The All Weather Trader
Sharpen the edge: risk small, learn fast, last long.
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“If the trend in your equity is down, that is a sign to cut back and reevaluate.” - Michael Marcus, The Little Book of Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“You can’t be afraid to take a loss.” - Steve Watson, Stock Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“Risk-taking with a process leads to success, while risk-taking on impulse leads to regret.” - John Netto, Unknown Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“Bottom fishing is one of the most expensive forms of gambling.” - Marty Schwartz, Market Wizards Interviews with Top Traders
Sharpen the edge: risk small, learn fast, last long.
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“Do your own thing, and do the right thing.” - Gil Blake, The New Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“If you try to learn from every single trade, you are only going to get better.” - David Ryan, Market Wizards Interviews with Top Traders
Sharpen the edge: risk small, learn fast, last long.
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“I make no predictions. I have absolutely no idea what is going to happen.” - Steve Lescarbeau, Stock Market Wizards
Sharpen the edge: risk small, learn fast, last long.
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“Having a quote machine is like having a slot machine on your desk.” - Ed Seykota, Market Wizards Interviews with Top Traders
Sharpen the edge: risk small, learn fast, last long.
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“We lose money because we refuse to accept what is right in front of us.” - Tom Hougaard, Best Loser Wins
Sharpen the edge: risk small, learn fast, last long.
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