Quotes From Legendary Traders

 

“When the market goes against you, you hope that every day will be the last day – and you lose more than you should had you not listened to hope. And when the market goes your way, you become fearful that the next day will take away your profit and you get out – too soon. The successful trader has to fight these two deep-seated instincts. ”

“The only time I really ever lost money was when I broke my own rules.”

Jesse Livermore

 

 

“I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.”
Richard Dennis

 

“The elements of good trading are cutting losses, cutting losses and cutting losses.”
Ed Seykota