If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.

You have to work very hard to restore that confidence, and cutting back trading size helps achieve that goal.
BILL LIPSCHUTZ

Achieve Confidence Restore Work
It’s very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you’re doing if you’re a successful trader.
BILL LIPSCHUTZ

Different Majority Successful
Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, “I was only playing with the market’s money.” That’s the most ridiculous thing I ever heard.
BILL LIPSCHUTZ

Money People Rewards Risk
If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.
BILL LIPSCHUTZ

Hands More Money Traders

More Bill Lipschutz Quotes