Michael Marcus mentioned some important rules in Market Wizards: Interviews with Top Traders. Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay the losers. You also have to […]
Trading Quotes
Quote from Linda Bradford Raschke
Linda Bradford Raschke mentioned some wisdoms of short term trading in The New Market Wizards: Conversations with America’s Top Traders. I put a great deal of effort into getting the best entry price possible. I feel this is probably one of my strongest skills. In day trading, a good entry price is critical because it […]
Another quote from Paul Tudor Jones
Here is another piece of trading rule from Paul Tudor Jones, quoted from Market Wizards: Interviews with Top Traders. The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I […]
Quote from Paul Tudor Jones
I read an interview of Paul Tudor Jones. Here are some good points that I would like to share. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. Because I think there are certain situations where you can absolutely understand […]
