The Best Trading Proverbs

Be patient with winning trades; be enormously impatient with losing trades.

Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large. 18. The market is the sum total of the wisdom ... and the ignorance...of all
 
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the missing part is

Buy low sell high , Be patient with winning trades; be enormously impatient with losing trades.

Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large. 18. The market is the sum total of the wisdom ... and the ignorance...of all
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KISS
 
To trade successfully, think like a fundamentalist; trade like a technician.


It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade
 
No amount of sophistication is going to allay the fact that all of your knowledge is about the past and all your decisions are about the future.



– Ian Wilson (former GE executive)
 
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