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

The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me, too. The idea of searching for some secret for trading success misses the point.

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

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.

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.

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

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.