Monday, October 22, 2007

Market Wizards: Richard Dennis

I have learned that when you have destabilizing loss, get out, go home, take a nap, do something, but put a little time between that and your next decision. Wehn you are getting beat to death, get your head out of the mixer.

95% of profits come from only 5% of the trades

The times when you least want to think about trading---the losing period---are precisely the ties when you need to focus most on trading.

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