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

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

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

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

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