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Quote by Philo

“Emotions become more violent when expression is stifled.”

Quote by Philo

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Philo, a Greek philosopher born in 25 BC and died in 50 AD, is one of the important representatives of Stoic philosophy. He is renowned for his profound research and exposition of Stoic philosophy. more

“I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to risk on a given trade, but you also have to consider how many potential future winners you might miss because of the effect of the larger loss on your mental attitude and trading size.”

Matter Might Given Loss Attitude Risk Effects Missing Trade Size Winner Trading Mental Attitude Your Loss

Author:Randy McKay

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

Important Views Missing Serious Trade Errors Point Of View

Author:William Eckhardt

“Large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst investments after long periods of winning.”

Thinking Long Made Important Winning Term Loss Worst Emotional Periods Investment Profit Insidious

Author:William Eckhardt

“Investing is a negative game emotionally. If you're playing for the emotional satisfaction, you're bound to lose, because what feels good is often the wrong thing to do. When all the criteria are in balance, do the thing you least want to do.”

Ifs Want Feels Games Loses Emotional Balance Negative Bounds Investing Satisfaction Feel Good Things To Do Criteria Wrong Things

Author:William Eckhardt

“Make sure you have an edge. Know what your edge is. And have rigid risk control rules.”

Knows Risk Edges

Author:Monroe Trout

“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

Quote by Philo

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