The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.

Be sensitive to subtle differences between 'intuition' and 'into wishing'.

It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

Losing a position is aggravating, whereas losing your nerve is devastating.

If you can't take a small loss, sooner or later you will take the mother of all losses.