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. What you can't afford to do is throw away your capital on suboptimal trades.
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
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
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
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…
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
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…
When things aren't going right, don't push, don't press. - Richard Dennis
When things aren't going right, don't push, don't press.
Trading decisions should be made as unemotionally as possible. - Richard Dennis
Trading decisions should be made as unemotionally as possible.
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
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…
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
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…
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
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…
When you are getting beat to death, get your head out of the mixer. - Richard Dennis
When you are getting beat to death, get your head out of the mixer.
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