Martin schwartz trading strategy8/12/2023 Others may cut their winners a little short, but are quick to take their losses. Some are good holders of winners, but may hold their losers a little too long. "Every trader has strengths and weakness. "Success consists of going from failure to failure without loss of enthusiasm." There is nothing extraordinary or superhuman in any one of those actions only the fact that they are done consistently and correctly, and all together, produce excellence.” - Daniel F. “Superlative performance is really a confluence of dozens of small skills or activities, each one learned or stumbled upon, which have been carefully drilled into habit and then are fitted together in a synthesized whole. "Panics do not destroy capital-they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works." – John Stuart Mill (1806 - 1873) "I was seldom able to see an opportunity until it had ceased to be one." - Mark Twain "Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros "More men have become great through practice than by nature." - Democritus The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way" - Marty Schwartz, Pit Bull You are the only one emotionally involved with your position. "The market does not know if you are long or short and could not care less. "You don`t need to be a weatherman to know which way the wind blows" - Bob Dylan "The policy of being too cautious is the greatest risk of all." - J. In bull markets, they tend to open weak and close strong." - William J. "In bear markets, stocks usually open strong and close weak. "No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea "Successful investing is anticipating the anticipations of others." - John Maynard Keynes But to be a competent trader and make money is a skill you can learn". "I think to be in the upper echelon of successful traders requires an innate skill, a gift.
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