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"The New Trading for a Living" Quotes
"The New Trading for a Living" offers updated strategies and insights for trading in financial markets, emphasizing psychology, risk management, and technical analysis.
accounting | Published in 2014
Quotes
There is no such thing as a sure thing in the markets.
Successful traders understand that losing is a part of the game.
A trading plan is a set of rules that define your entry, exit, and money management criteria.
The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism.
To be a successful trader, you must have a plan, be disciplined, and be prepared to change.
Amateurs focus on rewards. Professionals focus on risk.
Every trader needs an edge, a reason to believe they will succeed.
The first rule of trading is to survive.
You can always learn from your mistakes, but you must survive them first.
Understanding yourself is essential to understanding the market.
