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Quote by William Eckhardt

“The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.”

Quote by William Eckhardt

Author

William Eckhardt
William Eckhardt

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

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“People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.”