It can be very expensive to try to convince the markets you are right.

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

Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.

A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

I don’t predict a nonexisting future.

There are old traders and there are bold traders, but there are very few old, bold traders.

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