A few reminders –
“Don’t focus on making money; focus on protecting what you have.” – Paul Tudor Jones (Market Wizards)
“The key to successful trading is emotional discipline.” – Richard Dennis (Market Wizards)
“The game taught me the game. And it didn’t spare me rod while teaching.” – Ed Seykota (Market Wizards)
“The four most dangerous words in investing are: ‘this time it’s different.'” – Sir John Templeton (The New Market Wizards)
“I learned that I’m not a machine. I learned that I can’t always make decisions purely on logic; that there’s an emotional component to everything we do.” – Michael Steinhardt (The New Market Wizards)
“The key to winning is knowing when to lose.” – Bruce Kovner (The New Market Wizards)
“You need to know yourself well enough to know what type of system you can trade.” – Linda Bradford Raschke (The New Market Wizards)
“The objective is to make money, not to be right.” – Marty Schwartz (The New Market Wizards)
“If you personalize losses, you can’t trade.” – William Eckhardt (The New Market Wizards)
“The most important thing about trading is not the money you make, but the preservation of your capital.” – Monroe Trout (The New Market Wizards)
