Monday, July 14, 2008

It's NOT How Much You Win...

The key to profits is not how much you win...

the key to profits is now much you don't lose.

"...traders are usually unaware that trading is a loser's game. He who loses best will win in the end!"

"... assume your position is wrong until the market proves what your position is correct. Keep your losses quick and small. Don't ever let the market tell you you're wrong. Always let the market tell you when your position is correct."

Phantom of the Pits
The trader that loses least, wins best!