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Great Lines for Traders

  1. You are not in the game, you are in the bleachers. All you can do is enter and exit.
  2. If the market goes with you, all you can do is try to go with it and jump off quick if turns against you.
  3. If you think in terms of winning and losing, you have already lost.
  4. Your goal should be to make good trades not money. Good trades will make money often enough.
  5. Strive to have a 4 to 1 reward risk ratio.
  6. Trade criteria, trade neutral; your opinion + your ego + your money = Disaster on a stick.
  7. When you make money on a trade, you have not beaten the market, you have blended with it.
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