“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.” PeopleIfsKnowsImportantReasonWould BeSoundLosesLossCuttingEmotionalKeysDisciplineFinancialMaking MoneyTradingFinancial Markets Author:Victor Sperandeo
“The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!” YearsPersonsMadeAbleGuyMistakeSuccessfulEmotionalKeysDisciplineTradeInvestmentMaking MoneyInvestorsTradingDimesJeopardyInvestment Success Author:Victor Sperandeo
“In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.” IfsGivingYearsLongIdeasLostOpinionModernExamplePeriodsLowsLet MeStrategyMaking MoneyMisconceptionLong Periods Of TimeLost Money Author:Victor Sperandeo
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” PeopleIfsWould BeSuccessMoneyPsychologyEmotionalKeysDisciplineTradeIntelligenceMaking MoneyTradingKey To Success Author:Victor Sperandeo
