"Ninety-percent of any great trader is going to be the risk control." - Paul Tudor Jones
“First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the direction of the market and waiting for a confirmation of the next move….Second, it is the change in the major trend that hurts most speculators.” - Jesse Livermore
"When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower." - Al Rizzo
"I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it."- Martin Schwartz
No comments:
Post a Comment