It is essential to wait for trades with a good risk / reward ratio. Patience is a virtue for a trader.
- Alexander Elder - Topics: Wall Street, Trader, Money Management.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
- Peter Lynch - Topics: Stock Market, Money Management, Investing, Trader, Wall Street.
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
- Alexander Elder - Topics: Trader, Money Management, Wall Street.
The hardest thing to judge is what level of risk is safe.
- George Soros - Topics: Money Management.
The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
- Jesse Livermore - Topics: Stock Market, Money Management, Investing, Trader, Wall Street.
Owning stocks is like having children. Don't get involved with more than you can handle.
- Peter Lynch - Topics: Wall Street, Stock Market, Money Management, Investing.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
- George Soros - Topics: Investing, Money Management, Stock Market, Trader, Wall Street, Wealth.
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