Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I've learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they're almost always wrong.
Richard DennisTrading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I've learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they're almost always wrong.
Richard DennisI always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.
Richard DennisThere is another point that I think is as important: You should expect the unexpected in this business; expect the extreme. Donโt think in terms of boundaries that limit what the market might do. If there is any lesson I have learned in the nearly twenty years that Iโve been in this business, it is that the unexpected and the impossible happen every now and then
Richard Dennis