Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard. — Bill Lipschutz Copy Share Image
I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You… — Bill Lipschutz Copy Share Image
When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the… — Bill Lipschutz Copy Share Image
Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say,… — Bill Lipschutz Copy Share Image
If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money. — Bill Lipschutz Copy Share Image
It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you're doing… — Bill Lipschutz Copy Share Image
