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Billionaire hedge fund manager Ray Dalio is the king of the rich hedge fund industry: onforb.es/1k5CUjd
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133. “You don't have to get into or out of a position all at once.” #LBMW
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The markets eventually break all egos,& afterward,some become great traders without the burden of that ego distorting their trades any more.
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If past history was all there was to the game, the richest people would be librarians. Warren Buffett
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Here is correct link: Thank you to @embracethetrend for the opportunity.tradersonline-mag.com/01_ezi…
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You only have to do a very few things right in your life so long as you dont do too many things wrong. Warren Buffett
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Have to bet big to win big RT@TraderHMS Trading Card #261: Playing Bigger and Bigger by Ari Kiev
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117. “The need for emotional satisfaction will lead most people to make decisions that are even worse than random.” [Eckhardt] #LBMW
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Larry Hite's two basic rules:
1) If you don't bet, you can't win.
2) If you lose all your chips, you can't bet.
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108. “The larger the position the greater the danger trading decisions will be driven by fear rather than by judgment and experience.” #LBMW
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Too many traders want to find what looks cheap or beat down rather than looking to ride the strongest most powerful names. A trading trap $$
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105.“Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?”[Jones to himself] #LBMW
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101.“Good traders liquidate their positions when they are wrong; great traders reverse their positions when they are wrong.” #LBMW
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95. “If you don't stay with your winners, you are not going to be able to pay for the losers.” [Marcus] #LBMW
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Simple math: Why you should start saving for retirement at 25 - Data Dive reut.rs/1r5ZrSI














