Thought Exchange

Tagged: wisdom RSS

• 3:35 PM on August 2, 2010 Permalink
  Tags: wisdom   

  5 Uncommon Rules of Wealthy Traders

  1. They plan every single trade. EVERY SINGLE ONE.
  2. They stopped trying to pick tops and bottoms years ago
  3. They are patient with winners – and ridiculously impatient with losers.
  4. They trade one market. ONE
  5. Their benchmark for success is anything but money
   

• 8:40 AM on May 28, 2010 Permalink
  Tags: wisdom   

  You mentioned stress and trading in your video, and how stress will kill your pysche (sp?) over the long run….

  Reminds me of what someone said years ago- “there are bold traders, and there are old traders, but there are few old, bold traders……”

  Teresa Lo is discussing. Toggle Comments

   

  • Teresa Lo 2:34 PM on May 28, 2010 Permalink | Log in to Reply

    Ed Seykota said, “There are old traders and there are bold traders, but there are very few old, bold traders.” in Market Wizards: Interviews with Top Traders.

    You’ll have to review the context, but I imagine he was saying it in relation to risk management.