“I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” TryingCertainNextLossAmountJudgmentTrade Author:Richard Dennis
“Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.” MistakeTradeLearn From Your Mistakes Author:Richard Dennis
“The market being in a trend is the main thing that eventually gets us in a trade. That is a pretty simple idea. Being consistent and making sure you do that all the time is probably more important than the particular characteristics you use to define the trend. Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.” IfsShouldImportantIdeasUseSimpleParticularApproachMajorsMethodTradeCriticalCharacteristicsConsistentTrendsSimple Ideas Author:Richard Dennis
“You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can't afford to do is throw away your capital on suboptimal trades.” TryingLossPeriodsTradeInstancePreservesYour Loss Author:Richard Dennis
