- An entry does not determine profitability it only determines potential profit the exit is where the win or loss occurs, focus on that.
- A robust trading system means nothing unless you can follow it with discipline and self control.
- Charts don’t care about any one persons opinions why should you?
- Good trading will make you some money but only good risk management will allow you to keep the money.
- Good traders search for the right entries, great traders search for the right systems.
- Bad traders have an opinion, good traders have a plan.
- In the markets money flows continually from those you do not really know how to trade to those who do.
- Eventually those with the best risk management and trading method end up with the money from those who only have a good trading method.
- Bad traders tend to be stressed and emotional, good traders tend to be more quiet and at ease.
- Show me a trader overly focused on just one trade and I will show you the 90% that are unprofitable, show me a trader focused on the whole process of trading with little concern over any one trade and I will show you a member of the 10% that are profitable.