When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.

- Richard Dennis

I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybod…

- Richard Dennis

You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. Wh…

- Richard Dennis

When things aren't going right, don't push, don't press.

- Richard Dennis

Trading decisions should be made as unemotionally as possible.

- Richard Dennis

Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wro…

- Richard Dennis

When you are getting beat to death, get your head out of the mixer.

- Richard Dennis

There is another point that I think is as important: You should expect the unexpected in this business; expect the extreme. Don’t think in terms of b…

- Richard Dennis

I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you h…

- Richard Dennis