“There are old traders, there are bold traders, but there are no old, bold traders.

“There are a million ways to make money in the market. The irony is that they are all very difficult to find.

“Most traders take a good system and destroy it by trying to make it into a perfect system.

“If you’re going to panic, panic early.

“We don’t see things as they are, we see things as we are.

“If you look around the table and don’t see a sucker, then you are the sucker.

“If you find yourself in the bottom of a deep hole, the first thing to do is stop digging.

“The system wasn’t designed so that most people could beat it.

“At all levels of play the secret of success lies not so much in playing well as in not playing badly.

“The most dangerous thing in the world is to think you’ve got the time to play it safe.”