I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they… — William Eckhardt Copy Share Image
One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go… — William Eckhardt Copy Share Image
I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the… — William Eckhardt Copy Share Image
Amateurs go broke taking large losses, professionals go broke taking small profits. — William Eckhardt Copy Share Image
In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be… — William Eckhardt Copy Share Image
It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. — William Eckhardt Copy Share Image
Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if… — William Eckhardt Copy Share Image
Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if… — William Eckhardt Copy Share Image
You can be very promiscuous in your research, but not in your trading. — William Eckhardt Copy Share Image
The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of… — William Eckhardt Copy Share Image
