"The elements of good trading are: 1) cutting losses, 2) cutting losses, and 3) cutting losses. If you can follow these three rules, you may have a chance."
~ Ed Seykota
"The market can remain irrational longer than you can remain solvent."
~ John M. Keynes
"If you trade without a stop-loss, eventually the markets will stop you from trading by creating permanent losses that can never be recovered."
~ John DiCecco (TrendCharts)
"Economists have correctly predicted nine of the last five recessions."
~ Paul Sameulson
"Trend following is an exercise in observing and responding to the ever-present moment of now."
~ Ed Seykota
"Risk comes from not knowing what you're doing."
~ Warren Buffet
"When a position is moving in the direction of your trade, do the opposite of fear; but when a position is moving against the direction of your trade, do the opposite of hope."
~ John DiCecco (TrendCharts)
"As a general rule (when trading), avoid those things that give you comfort; it's usually a false comfort."
~ William Eckhardt
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