Millionaire Traders How – Everyday People Are Beating Wall Street at Its Own Game
Archives of “January 5, 2019” day
rssBackstage Wall Street on Fiduciary Standard for Advisors
"Common Sense" Rules for Traders
Prudence
The power of measuring the danger, together with a certain alertness and watchfulness, is very important. There should be a balance of these two, Prudence and Courage;Prudence in contemplation, Courage in execution.Lord Bacon says: “In meditation all dangers should be seen; in execution one, unless very formidable.”Connected with these qualities,properly an outgrowth of them, is a third, viz:promptness. The mind convinced, the act should follow. In the words of Macbeth; “Henceforth the very firstlings of my heart shall be the firstlings of my hand.” Think, act, promptly.