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 markets are the same now as they were five or ten years ago because they keep changing-just like they did then

I don’t predict a nonexisting future.

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

I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.

Trends become more apparent as you step further away from the chart.

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.