Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.

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

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

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

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

I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.

Working to anticipate the future can be a distraction from the important task of dealing with the present.