Good Trading Quotable Quotes

Learning to place stops is like learning to drive defensively. A stop is not a perfect tool but it is the best defensive tool we have.

Alexander Elder

 

"If you think you are wrong, or if the market is going against you and you don’t know why, take off ½ your position. You can also ways put it on again"

- Steve Cohen - SAC Capital

 

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I am personally involved in research, have been doing it since I started working with Rich Dennis , as a way to validate what he & Bill taught .

Thomas Shanks ,Hawksbill Capital management
another older turtle.

 

Question; What did you learn the last time you had an extended drawdown???;

That patience & diligence are rewarded-
Thomas Shanks, older turtle

 

Technical trading can be summed up in 5 words: prices oscillate and trends persist. If you can grasp that in detail, you can make money week-after-week-after-week.


yours truly

 

I hear the sun rises and sets every day too Johnnie

 

I never MetaStock I didn't want to trade

Equis Sales

 

Dear Trader 28: Some of the most useful and profound trading maxims are assinely simple, which is why people who are over-analytical often have a hard time being successful in this business.

 

A person who uses money to stuff up his sense of emptiness can hardly focus on finding the best quality trades.

Alex Elder

 

There is nothing so disastrous as a rational investment policy in an irrational world.

John Maynard Keynes