Being wrong is acceptable, but staying wrong is totally unacceptable.

Being wrong is acceptable, but staying wrong is totally unacceptable.

Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

Good traders liquidate when they are wrong, great traders reverse when they are wrong

You don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.

If you don’t stay with your winners, you are not going to be able to pay for the losers.

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.