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
