- One good trend pays for them all.
- Accept just enough risk so you can sleep well at night.
- When prices break through your stops, pull the trigger and sell.
- News: we stash that flash in the trash. Ignore the “newsamentals”.
- Betting the right size matters bigtime.
- Most investors get stressed and need to stop the pain, so they use medicinal strategies instead of doing the right thing.
- You have to notice trends early. If you wait and only participate in them when they’ve gone exponentially vertical, it’s too late. Look for a fresh trend.
- Plow money back into your trading portfolio. Don’t make a big profit and then run out to buy a new Porsche.
- When trend traders begin to lose interest, momentum starts to turn negative.
- There are no Holy Grails. You just have to do the work, follow your disciplines and trends, and then cut your losses. It’s that basic.
- Know where you’ll get out before you get in.
- I have no demons. I’m a blessed man.
- Luck is just a fat tail or outlier on a normal distribution. Luck happens. If it happens to you, manage it with humility and use stops.
- The folks I mentor who wash out are those who just cannot control their feelings like I ask them to do. They can’t accept their own emotional landscape.
- The trading adrenaline does diminish over time and with experience. The objective is to rid yourself of it – totally.
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