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.

Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.

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

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

The idea of searching for some secret for trading success misses the point.

Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.

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