It’s not what we don’t know that hurts us; it’s what we know for sure that just ain’t so.
-Mark Twain
Good Money Management alone isn’t going to increase your edge at all. If your system isn’t any good, you’re still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.
-Monroe Trout
My sense of insecurity keeps me alert, always ready to correct my errors.
-George Soros
Wall Street’s graveyards are filled with men who were right too soon.
-William Hamilton
The difference between great people and others is largely a habit— a controlled habit of doing every task better, faster and more efficiently.
-William Danforth
When the market is moving and money is flying, it’s easy to forget that it’s the basic that ultimately produce success.Even after trading everything from exotic over-the-counter options to plain vanilla Dow stocks, I still need to constantly and obsessively evaluate every single trade, every single day.
-Jonathan Hoening
There is no place in the modern world for the unskilled; no one can hope for any genuine success who fails to give himself the most complete special education. The trained man has all the advantages on his side; the untrained man invites all the tragic possibilities of failure.
-Richard D. Wyckoff
I will not allow yesterday’s success to lull me into today’s complacency, for this is the greatest foundation of failure.
-Og Mandino
I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.
-Richard Dennis
A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.
-Michael Steinhardt
Unknown Feed Unknown Feed
Marchese Financial 