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Quote by Bill Lipschutz

“Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard.”

Quote by Bill Lipschutz

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Bill Lipschutz
Bill Lipschutz

Bill Lipschutz, born in 1956, is a renowned trader. He has achieved significant success in his career in the financial markets, known for his unique trading strategies and profound understanding of market trends. more

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“The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succeed in the markets. The markets are a dynamic process, and sustained investment success requires the ability to modify and even change strategies as markets evolve.”