Archive

Archive for June, 2010

Trading Quotable Quotes – Overconfident In Trading

“The truth was that as my pocket had strengthened, my head had weakened. I became overconfident, and that is the most dangerous state of mind anyone can develop in the stock market.

It was not long before before I received the bitter lesson the market always hands out to those who think they can carelessly master it.

In a few days of trading, I threw overboard everything I had learned over the past six years. I did everything I had trained myself not to do.”

~ Nicolas Darvas
Except from book: “How I Made $2,000,000 In The Stock Market”
Chapter 9 – “My Second Crisis”

Risk Management: Protecting Your Capital

“Don’t focus on making money; focus on protecting what you have.” 

~Pual Tudor Jones


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