When you have a position, you put it on for a reason, and…
“When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Holding a position only makes sense while its underlying justification remains valid.
In simple terms: Keep a stance only while its reason exists.
Key Takeaway
Maintain positions until the original reason disappears.
Themes
discipline
trading
risk management
Mood
cautious
analytical
Type
advice
strategic
When to use this quote
- stock trading
- commodity futures
- investment decisions
Key Concepts
financial markets
position sizing
Questions to Reflect On
- Do you reassess reasons regularly?
- How do you detect when a reason is gone?
A Different Perspective
Market conditions can change faster than reasoning, making persistence risky.