A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.

If you can't take a small loss, sooner or later you will take the mother of all losses.

My style is basically trend following, with some special pattern recognition and money management algorithms.

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.

A lot of people would rather understand the market than make money

It can be very expensive to try to convince the markets you are right.

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

The markets are the same now as they were five or ten years ago because they keep changing-just like they did then

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

Thou shalt not forget that money is only money and not character or fame.

Nearly everyone I met, worked with, or read about was my teacher, one way or another.

There is another old poet whose name I do not now remember who said, 'Truth is the daughter of Time.'

It has always been a mystery to me how men can feel themselves honoured by the humiliation of their fellow beings.

When everyone leaves you it's loneliness you feel, when you leave everyone else it's solitude.

Film begins with DW Griffith and ends with Abbas Kiarostami.

The couturier should be a geometrician, for the human body makes geometrical figures to which the materials should correspond.

For my wife and I, the challenge is to not make every day the best day possible because it's not realistic.

I not only bow to the inevitable; I am fortified by it.

Americans have always had an ambivalent attitude toward intelligence. When they feel threatened, they want a lot of it, and when they don't, they regard the whole thing as somewhat immoral.