Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

- Jack D. Schwager

Good traders liquidate when they are wrong, great traders reverse when they are wrong

- Jack D. Schwager

Being wrong is acceptable, but staying wrong is totally unacceptable.

- Jack D. Schwager

One of my favorite patterns is the tendency for the markets to move from relative lows to relative highs and vice versa every two to four days. This …

- Jack D. Schwager

The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succe…

- Jack D. Schwager

Michael Jordan didn’t become a great basketball player because he wanted to do product endorsements. Van Gogh didn’t become a great painter because h…

- Jack D. Schwager

Being a successful investor & winning in the stock market is a matter of skill & discipline and not luck alone

- Jack D. Schwager

If you don’t stay with your winners, you are not going to be able to pay for the losers.

- Jack D. Schwager

You don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.

- Jack D. Schwager