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

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.

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

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

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

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

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