Customer Quote by Michael W. Covel
““These classic Donchian trading rules were first published over 75 years ago: General Guides Beware of acting immediately on””
About This Quote
Source Book: Trend Following, 2004
Historical trading rules warn against impulsive actions, emphasizing patience and strategic planning.
In simple terms: Don’t act on impulse.
Key Takeaway
Follow disciplined strategies.
Themes
trading
patience
strategy
Mood
cautious
pragmatic
Type
educational
advisory
When to use this quote
- stock investing
- forex trading
- personal finance
Key Concepts
market analysis
risk management
Questions to Reflect On
- How do you balance patience with opportunity?
- What safeguards can you implement?
A Different Perspective
Markets can be unpredictable despite rules.
