The tape tells the truth, but often there is a lie buried in the human interpretation Jesse Livermore |
Charts not only tell what was, they tell what is; and a trend from was to is (projected linearly into the will be) contains better percentages than clumsy guessing R. A. Levy |
The biggest risk in trading is missing major opportunities, most of enormous gains on my accounts came from 5% of trades. Richard Dennis |
Your human nature prepares you to give up your independence under stress. when you put on a trade, you feel the desire to imitate others and overlook objective trading signals. This is why you need to develop and follow trading systems and money management rules. They represent your rational individual decisions, made before you enter a trade and become a crowd member. A. Elder |