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

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

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 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

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

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

Good systems tend to violate normal human tendencies.

- William Eckhardt