Houston on Nostr: Here's one of my all-time favorite trading quotes from a not-so-well-known book ...
Here's one of my all-time favorite trading quotes from a not-so-well-known book called Phantom of the Pits.
"The correct way to control positions is to only hold them once they prove to be correct. Let the market tell you your position is proven correct, but never let the market tell you that your position is wrong. You, as a good trader, must always be in command of knowing and telling yourself when your position is bad."
"The correct way to control positions is to only hold them once they prove to be correct. Let the market tell you your position is proven correct, but never let the market tell you that your position is wrong. You, as a good trader, must always be in command of knowing and telling yourself when your position is bad."