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Both your trading system and your money management must be good in order to win in the markets
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Many floor traders look for a trend to reverse after it retraces 61.8 percent of the previous move
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A perfect Double RePo right at the top of the weather market we experienced in corn
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Computerized testing of money management rules has confirmed several old-timers rules and observations
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We are in a trade where the market is moving against us. In fact, the stock market has established a trend in the opposite direction to what we want or expect
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Many traders are trying to have it their way by beating the stock market; as a result, they get financially and emotionally killed
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It's suicidal for a new trader, operating off the floor, to trade intraday
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Trading stocks, futures, and options gives a gambler a high but it does appear more respectable than betting on the ponies
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The typical trader wants to be right on every single trade. Traders who have learned to think in probabilities approach the markets from the same perspective
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