Financial Survival Quotes by William Eckhardt

More Quotes by William Eckhardt

William Eckhardt has 16 quotes on this site. A few more worth reading:

• I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding…
• If the losses don't hurt, your financial survival is tenuous.
• 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…
• I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't…
• The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades.…
• If a betting game among a certain number of participants I played long enough, eventually one player will have all the money.…
• It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human…
• In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not…
• 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…
• 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…
• The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success…
• What feels good is often the wrong thing to do.

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