Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard.
I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how … - Bill Lipschutz
I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how …
- Bill Lipschutz
It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you're doing if you're a success… - Bill Lipschutz
It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you're doing if you're a success…
If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money. - Bill Lipschutz
If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.
When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of t… - Bill Lipschutz
When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of t…
Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing… - Bill Lipschutz
Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing…
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