Day Trading World

Money Management & Risk Control

Here are a few quotes from some great traders and investors.

• " I haven't met a rich technician" Jim Rogers.
• "I always laugh at people who say "I've never met a rich technician" I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician" Mary Schwartz.
• "Diversify your investments" John Templeton.
• "Diversification is a hedge for ignorance" William O'Neil.
• "Don't bottom fish" Peter Lynch.
• "Don't try to buy at the bottom or sell at the top" Bernard Baruch
• "Maybe the trend is your friend for a few minutes in Chicago, but for the most part it is rarely a way to get rich" Jim Rogers.
• "I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms." Paul Tudor Jones.

• "My basic advise is don't lose money" Jim Rogers.
• "I'm more concerned about controlling the downside. Learn to take the losses. The most important thing about making money is not to let your losses get out of hand." Marty Schwartz.
• "I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have" Paul Tudor Jones.
• "Rule number one of investing is never lose money. Rule number two is never forget rule number 1" Warren Buffet.

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