--- title: "Meaning & Key Takeaway of: When you have a position, you put it on…" description: "\"When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.\" — Richard Dennis" image: "https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png" --- # When you have a position, you put it on for a reason, and… ![“When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.” quote by Richard Dennis](https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png) [Download](https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png) [Open image](https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png) > “When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.” [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Holding a position only makes sense while its underlying justification remains valid. **In simple terms:** Keep a stance only while its reason exists. Key Takeaway Maintain positions until the original reason disappears. Themes discipline trading risk management Mood cautious analytical Type advice strategic When to use this quote - stock trading - commodity futures - investment decisions Key Concepts financial markets position sizing Questions to Reflect On - Do you reassess reasons regularly? - How do you detect when a reason is gone? A Different Perspective Market conditions can change faster than reasoning, making persistence risky. ★ ★ ★ ★ ★ No ratings yet [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Love](https://sms4smile.com/quotes/about/love/) [Reason](https://sms4smile.com/quotes/about/reason/) ## Related quotes > [You have got to give. There is no other reason to be on the planet.](https://sms4smile.com/quotes/margaret-trudeau/you-have-got-to-give-there-is-no-other-reason-to-be-on-the-planet/) [Margaret Trudeau](https://sms4smile.com/quotes/author/margaret-trudeau/) > [Hatin' and I know they got a reason why. I ain't gotta wonder if I wanna lease or buy.](https://sms4smile.com/quotes/nicki-minaj/hatin-and-i-know-they-got-a-reason-why-i-ain-t-gotta-wonder-if-i/) [Nicki Minaj](https://sms4smile.com/quotes/author/nicki-minaj/) > [“Ain’t got no reason to be complainin’, and I done got me a heap of reasons to be thankful. I reckon that makes me…](https://sms4smile.com/quotes/virginia-gaffney/ain-t-got-no-reason-to-be-complainin-and-i-done-got-me-a-heap-of/) [Virginia Gaffney](https://sms4smile.com/quotes/author/virginia-gaffney/) > [Just one time you got a reason, Heard you had nothing to lose. A pied preacher for the pin-eyed congregation, It must be easy…](https://sms4smile.com/quotes/lamb-of-god/just-one-time-you-got-a-reason-heard-you-had-nothing-to-lose-a-pied/) [Lamb Of God](https://sms4smile.com/quotes/author/lamb-of-god/) > [It's my job... to push people out of their comfort zones. But we got to have a reason to do it. We don't do…](https://sms4smile.com/quotes/nancy-dubuc/it-s-my-job-to-push-people-out-of-their-comfort-zones-but-we-got-to/) [Nancy Dubuc](https://sms4smile.com/quotes/author/nancy-dubuc/) > [We knew Hellyeah had to be a lot of fun. We got into it for one reason: to have a lot of fun.](https://sms4smile.com/quotes/vinnie-paul/we-knew-hellyeah-had-to-be-a-lot-of-fun-we-got-into-it-for-one-reason/) [Vinnie Paul](https://sms4smile.com/quotes/author/vinnie-paul/) > [“I know I've got no reason to be crying; I know that there is nowhere left to run. I know that there's no reason…](https://sms4smile.com/quotes/margo-t-rose/i-know-i-ve-got-no-reason-to-be-crying-i-know-that-there-is-nowhere/) [Margo T. Rose](https://sms4smile.com/quotes/author/margo-t-rose/) > [“Have you got something against faith?” “Have you got something against reason?”](https://sms4smile.com/quotes/sam-hunter/have-you-got-something-against-faith-have-you-got-something-against/) [Sam Hunter](https://sms4smile.com/quotes/author/sam-hunter/) > [“So, what is your why? You’ve got to have a reason if you want to make significant improvements to your life. And to make…](https://sms4smile.com/quotes/darren-hardy/so-what-is-your-why-you-ve-got-to-have-a-reason-if-you-want-to-make/) [Darren Hardy](https://sms4smile.com/quotes/author/darren-hardy/) > [I’m conceited, I got a reason](https://sms4smile.com/quotes/remy-ma/i-m-conceited-i-got-a-reason/) [Remy Ma](https://sms4smile.com/quotes/author/remy-ma/) > [I got one reason to live and I found it was the experience](https://sms4smile.com/quotes/cath-chatto/i-got-one-reason-to-live-and-i-found-it-was-the-experience/) [Cath Chatto](https://sms4smile.com/quotes/author/cath-chatto/) > [The chances are that you have already come to believe that happiness is unattainable. But men have attained it. And they have attained it…](https://sms4smile.com/quotes/arnold-bennett/the-chances-are-that-you-have-already-come-to-believe-that-happiness/) [Arnold Bennett](https://sms4smile.com/quotes/author/arnold-bennett/) > [There's no reason to burn books if you don't read them.](https://sms4smile.com/quotes/ray-bradbury/there-s-no-reason-to-burn-books-if-you-don-t-read-them/) [Ray Bradbury](https://sms4smile.com/quotes/author/ray-bradbury/) > [No man can change himself into anything from sheer reason; he can only change into what he potentially is.](https://sms4smile.com/quotes/carl-jung/no-man-can-change-himself-into-anything-from-sheer-reason-he-can-only/) [Carl Jung](https://sms4smile.com/quotes/author/carl-jung/) > [There is something more important than any ultimate weapon. That is the ultimate position-the position of total control over Earth that lies somewhere out…](https://sms4smile.com/quotes/lyndon-b-johnson/there-is-something-more-important-than-any-ultimate-weapon-that-is/) [Lyndon B. Johnson](https://sms4smile.com/quotes/author/lyndon-b-johnson/) ## More by Richard Dennis > [There is another point that I think is as important: You should expect the unexpected in this business; expect the extreme. Don’t think in…](https://sms4smile.com/quotes/richard-dennis/there-is-another-point-that-i-think-is-as-important-you-should-expect/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [Trading decisions should be made as unemotionally as possible.](https://sms4smile.com/quotes/richard-dennis/trading-decisions-should-be-made-as-unemotionally-as-possible/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a…](https://sms4smile.com/quotes/richard-dennis/you-have-to-minimize-your-losses-and-try-to-preserve-capital-for/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [A good trend following system will keep you in the market until there is evidence that the trend has changed.](https://sms4smile.com/quotes/richard-dennis/a-good-trend-following-system-will-keep-you-in-the-market-until-there/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.](https://sms4smile.com/quotes/richard-dennis/i-always-say-you-could-publish-rules-in-a-newspaper-and-no-one-would/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [When you are getting beat to death, get your head out of the mixer.](https://sms4smile.com/quotes/richard-dennis/when-you-are-getting-beat-to-death-get-your-head-out-of-the-mixer/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [When things aren't going right, don't push, don't press.](https://sms4smile.com/quotes/richard-dennis/when-things-aren-t-going-right-don-t-push-don-t-press/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that…](https://sms4smile.com/quotes/richard-dennis/trading-has-taught-me-not-to-take-the-conventional-wisdom-for-granted/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.](https://sms4smile.com/quotes/richard-dennis/trade-small-because-thats-when-you-are-as-bad-as-you-are-ever-going/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [I could trade without knowing the name of the market.](https://sms4smile.com/quotes/richard-dennis/i-could-trade-without-knowing-the-name-of-the-market/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will…](https://sms4smile.com/quotes/richard-dennis/i-learned-to-avoid-trying-to-catch-up-or-double-up-to-recoup-losses-i/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [You should always have a worst case point. The only choice should be to get out quicker.](https://sms4smile.com/quotes/richard-dennis/you-should-always-have-a-worst-case-point-the-only-choice-should-be/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [The market being in a trend is the main thing that eventually gets us in a trade. That is a pretty simple idea. Being…](https://sms4smile.com/quotes/richard-dennis/the-market-being-in-a-trend-is-the-main-thing-that-eventually-gets-us/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) > [I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline.…](https://sms4smile.com/quotes/richard-dennis/i-always-say-that-you-could-publish-trading-rules-in-the-newspaper/) [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) [Explore all 15 Richard Dennis quotes ](https://sms4smile.com/quotes/author/richard-dennis/) ## More Inspirational quotes > [Life is full of change. That's how we learn and grow.](https://sms4smile.com/quotes/anonymous/life-is-full-of-change-that-s-how-we-learn-and-grow/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We talk to God--that is prayer; God talks to us--that is inspiration.](https://sms4smile.com/quotes/h-emilie-cady/we-talk-to-god-that-is-prayer-god-talks-to-us-that-is-inspiration/) [H. Emilie Cady](https://sms4smile.com/quotes/author/h-emilie-cady/) > [You cant be controlling in improv.](https://sms4smile.com/quotes/matt-walsh/you-cant-be-controlling-in-improv/) [Matt Walsh](https://sms4smile.com/quotes/author/matt-walsh/) > [The man who can master his time can master nearly anything.](https://sms4smile.com/quotes/winston-churchill/the-man-who-can-master-his-time-can-master-nearly-anything/) [Winston Churchill](https://sms4smile.com/quotes/author/winston-churchill/) > [You'll seldom experience regret for anything that you've done. It is what you haven't done that will torment you. The message, therefore, is clear.…](https://sms4smile.com/quotes/anonymous/you-ll-seldom-experience-regret-for-anything-that-you-ve-done-it-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Just understand that the good that you want is already here. All you have to do is get in harmony with it. And you…](https://sms4smile.com/quotes/bob-proctor/just-understand-that-the-good-that-you-want-is-already-here-all-you/) [Bob Proctor](https://sms4smile.com/quotes/author/bob-proctor/) > [“If you want to build a ship, don’t drum up the men to gather wood, divide the work, and give orders. Instead, teach them…](https://sms4smile.com/quotes/antoine-de-saint-exup-ry/if-you-want-to-build-a-ship-don-t-drum-up-the-men-to-gather-wood/) [Antoine de Saint-Exupéry](https://sms4smile.com/quotes/author/antoine-de-saint-exup-ry/) > [Obviously, if you don't love life, you can't enjoy an oyster.](https://sms4smile.com/quotes/eleanor-clark/obviously-if-you-don-t-love-life-you-can-t-enjoy-an-oyster/) [Eleanor Clark](https://sms4smile.com/quotes/author/eleanor-clark/) > [It's not the method, it's the mindset.](https://sms4smile.com/quotes/andy-gilbert/it-s-not-the-method-it-s-the-mindset/) [Andy Gilbert](https://sms4smile.com/quotes/author/andy-gilbert/) > [It's a hard thing to describe. It's just this sense that you got something to say.](https://sms4smile.com/quotes/jonah-lehrer/it-s-a-hard-thing-to-describe-it-s-just-this-sense-that-you-got/) [Jonah Lehrer](https://sms4smile.com/quotes/author/jonah-lehrer/) > [Too much familiarity breeds contempt.](https://sms4smile.com/quotes/vikrant-parsai/too-much-familiarity-breeds-contempt/) [Vikrant Parsai](https://sms4smile.com/quotes/author/vikrant-parsai/) > [We never really perceive what color is physically!](https://sms4smile.com/quotes/josef-albers/we-never-really-perceive-what-color-is-physically/) [Josef Albers](https://sms4smile.com/quotes/author/josef-albers/) > [Politics is not an issue whether you like or dislike , but every citizen must involve.](https://sms4smile.com/quotes/khem-veasna/politics-is-not-an-issue-whether-you-like-or-dislike-but-every/) [Khem Veasna](https://sms4smile.com/quotes/author/khem-veasna/) > [God reveals Himself through surprises.](https://sms4smile.com/quotes/pope-francis/god-reveals-himself-through-surprises/) [Pope Francis](https://sms4smile.com/quotes/author/pope-francis/) > [Never underestimate the power of the human mind to believe what it wants to believe, no matter the conflicting evidence.](https://sms4smile.com/quotes/brian-herbert/never-underestimate-the-power-of-the-human-mind-to-believe-what-it/) [Brian Herbert](https://sms4smile.com/quotes/author/brian-herbert/) [Browse all 114,561 Inspirational quotes ](https://sms4smile.com/quotes/about/inspirational/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.", "creator": { "@type": "Person", "name": "Richard Dennis" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/richard-dennis/when-you-have-a-position-you-put-it-on-for-a-reason-and-you-ve-got-to/", "about": { "@type": "Thing", "name": "Inspirational" }, "@id": "https://sms4smile.com/quotes/richard-dennis/when-you-have-a-position-you-put-it-on-for-a-reason-and-you-ve-got-to/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png", "contentUrl": "https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png", "url": "https://sms4smile.com/quotes/i/09d/richard-dennis-32388_inspirational_when-you-have-a-position-you-put-it-on-f_2910473.png", "width": 1080, "height": 1080, "caption": "“When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer…” — Richard Dennis", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Richard Dennis", "item": "https://sms4smile.com/quotes/author/richard-dennis/" }, { "@type": "ListItem", "position": 4, "name": "When you have a position, you...", "item": "https://sms4smile.com/quotes/richard-dennis/when-you-have-a-position-you-put-it-on-for-a-reason-and-you-ve-got-to/" } ], "@id": "https://sms4smile.com/quotes/richard-dennis/when-you-have-a-position-you-put-it-on-for-a-reason-and-you-ve-got-to/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```