Amateurs go broke taking large losses, professionals go broke taking small profits.
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… - William Eckhardt
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…
- William Eckhardt
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 emotion… - William Eckhardt
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 emotion…
Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. In p… - William Eckhardt
Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. In p…
I take the point of view that missing an important trade is a much more serious error than making a bad trade. - William Eckhardt
I take the point of view that missing an important trade is a much more serious error than making a bad trade.
I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstan… - William Eckhardt
I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstan…
It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. - William Eckhardt
It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.
Amateurs go broke taking large losses, professionals go broke taking small profits. - William Eckhardt
The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are … - William Eckhardt
The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are …
Good systems tend to violate normal human tendencies. - William Eckhardt
Good systems tend to violate normal human tendencies.
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