“In many ways, 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 trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.” ThinkingWayLongMadeImportantBigsHappensNextWinningStrongTermLossDecisionImagineWorstSpecialEmotionalPeriodsWeakTradeProfitTemptationSomething SpecialStreaksInsidious Author:William Eckhardt
“Those enjoying winning streaks thus win twofold. They win not only the game but also the right to greater self-determination. They become masters of their own fate. That feeling of efficacy, of being in charge of circumstances, is the essence of confidence. Winning once or twice is encouraging, but winning continuously is empowering.” SelfFeelingsGamesWinningEnjoyGreaterFateMastersConfidenceCircumstancesDeterminationEssenceEmpoweringSelf DeterminationStreaksEfficacy Book:Confidence Source: Confidence
“If this keeps up (four game winning streak) I'm about to manage until I'm a hundred.” IfsGamesWinningFourHundredManageStreaks Author:Casey Stengel