Amount Quote by Paul Tudor Jones

I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to…

— Randy McKay

My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7%, and usually…

— David Ryan

When you're trading well, you have a better mental attitude. When you're trading poorly, you start wishing and hoping. Instead of getting into trades…

— Randy McKay

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on…

— Bruce Kovner

Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut…

— Michael Marcus

Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is…

— Alexander Elder

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't…

— Josh Brolin

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

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.

— Alexander Elder

People told me I'd have to deal more with losing at this level. I understood that, but I didn't want to start accepting losses.

— Vince Young

The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades…

— Linda Bradford Raschke

First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost…

— Paul Tudor Jones