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I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.
Richard Dennis
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Richard Dennis
Age: 75
Born: 1949
Born: January 9
Commodities Speculator
Day Trader
Floor Trader
Chicago
Illinois
Richard J. Dennis
Also
Catch
Certain
Avoid
Trying
Trade
Time
Judgment
Loss
Amount
Losses
Learned
Double
Next
Affect
More quotes by Richard Dennis
Trading decisions should be made as unemotionally as possible.
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A good trend following system will keep you in the market until there is evidence that the trend has changed.
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When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.
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