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

To avoid whipsaw losses, stop trading.

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

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.

Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.