“Whenever I take a position, I like to imagine what it would be like under the worst-case scenario. In doing so, I minimize the confusion if that situation actually develops. In my view, losses are a very important part of trading. When a loss happens, I believe in embracing it.” IfsBelieveImportantHappensWould BeI BelieveLossViewsSituationCasesImagineWorstPositionI Believe InConfusionTradingScenariosWorst Case Scenario Author:Gil Blake
“The aggressive use of wiretaps is important: It shows that we are targeting white-collar insider-trading rings with the same powerful investigative tools that have worked so successfully against the mob and drug cartels.” ImportantUseShowsWhitePowerfulDrugToolsRingsAggressiveTradingCollarsInsidersWhite CollarCartelsDrug CartelsInsider Trading Author:Preet Bharara
“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 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.” MayImportantSuccessDesireWinningNumbersLosingPerformancesTradeRateRelatedTradingKey To SuccessRecipe For SuccessTradersMaximizingMinimizing Author:William Eckhardt