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Posts Tagged ‘investment psychology’

On Capital Management

"… people go wrong all the time. Instead of trading as they should today, based on their money now and their rules, they trade based on the money they once had. They are clearly trying to recoup. ‘How much money you used to have has no significance. It’s how much money you have now.’ " implored Eckhardt
(referring to William Eckhardt)

~ Michael W. Covel 
Author
Book: The Complete Turtle Trader
The Legend, the Lessons, the Results

Quotable Quote: Guarding Against One’s Thoughts

"In actual practice, an investor has to guard against many things, but most of all against himself."

~Jesse Livermore

Quotable Quote: Investment Psychology

February 9th, 2010 No comments

"I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell."

~Tom Basso


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