It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
Our take on this quote:
📈💰 Winning the Right Way 💰📉
Success isn't about always being right - it's about managing risk and maximizing your gains when you are. 💡💸
George Soros' quote highlights the importance of risk management in trading and investing. Rather than focusing on being right all the time, Soros emphasizes that what truly matters is the magnitude of your gains when you're correct and the size of your losses when you're not. This insight shifts the focus from ego-driven decision-making to a disciplined approach that prioritizes minimizing losses and maximizing gains. Soros' words remind investors that successful trading isn't just about winning more often - it's about winning big when you do, and losing small when you don't.
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