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Quote by William Eckhardt

“I take the point of view that missing an important trade is a much more serious error than making a bad trade.”

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William Eckhardt, born in 1955, is a renowned trader known for his unique trading strategies and exceptional investment performance in the financial markets. more

“Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades. There are a lot of shoes on the shelf; wear only the ones that fit. If you're extremely confident, taking a loss doesn't bother you.”

Ifs Enough Care Winning Loses Loss Ability Fit Trade Shoes Bother Shelves Win Or Lose He Doesn't Care

Author:Stanley Druckenmiller

“If there's a large move on significant news, either favorable or unfavorable, the stock will usually continue to move in that direction.”

Ifs Moving News Significant

Author:Richard Driehaus

“The critical ingredient is a maverick mind. Focus on trading vehicles, strategies and time horizons that suit your personality. In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline).”

Mind Focus Personality Discipline Independence Strategy Critical Suits Right Thing Ingredients Horizon Vehicle Trading Maverick

Author:Gil Blake

“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.”

Ifs Mind Process Ability Successful Keys Personality Succeed Strategy Investment Evolve Characteristics Investors Dogmatic Ability To Change Investment Success

Author:Jack D. Schwager

“Once a price move exceeds its median historical age, any method you use to analyze the market, whether it be fundamental or technical, is likely to be far more accurate. For example, if a chartist interprets a particular pattern as a top formation, but the market is only up 10% from the last low, the odds are high that the projection will be incorrect. However, if the market is up 25% to 30%, then the same type of formation should be given a great deal more weight.”

Ifs Should Use Age Lasts Moving Given Deals Example Particular Type Lows Weight Method Fundamentals Historical Patterns Accurate Odds Projection Exceed Formation Median

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!”

Years Persons Made Able Guy Mistake Successful Emotional Keys Discipline Trade Investment Making Money Investors Trading Dimes Jeopardy Investment Success

Author:Victor Sperandeo

“Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.”

People Knows Order Loses Ability Decision Emotion Cutting Emotional Discipline Exercise Weight Majority Investment Fats Despite Analogies Dieting Lose Weight Unsuccessful

Author:Victor Sperandeo

Quote by William Eckhardt

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