“Being wrong is acceptable, but staying wrong is totally unacceptable….... the key is managing the downside. Good traders managers the downside; they won’t worry about the upside.”
Mark Minervini
Stock Market Wizards
“Previous hands mean nothing. The current hand determines the probabilities. You have to make correct decision based on that information. Whether you lost or won in previous hands is totally irrelevant.”
Mark Minervini
Stock Market Wizards
“Ninety percent of my success is due to not doing things that are stupid. I don’t sell winners; I don’t hold losers; I don’t get emotionally involved.”
Steve Lescarbeau
Stock Market Wizard
“Therefore, this type of market is likely to either trend higher or break sharply…….. I implemented an option strategy that would make a lot of money if market went down big, make a little bit if market went up small and lose a small amount if the market went down small and stayed there.”
John Bender
Stock Market Wizard
“There are many different types of statistical arbitrage…… pair strategy has the advantage of reportedly being one of the prime strategies used by Morgan Stanley trading group. Pair trading involves a two-step process. First, past data are used to define pairs of stocks that tend to move together. Second, each of these pairs is monitored for performance divergence. Whenever there is a statistically meaningful performance divergence between two stocks in a defined pair, the stronger of the pair is sold and the weaker is bought. The basic assumption is that the performance of these stocks will tend to converge. …… a pair trading approach will provide an edge and profitability over the long run, even though there is a substantial chance that any individual trade will lose money.”
David Shaw
Stock Market Wizard
“One must at least recognise Peter Lynch’s advice to just cross off your list all companies that are losing money….. So one can turn an occasional blind eye on Lynch’s dictum, but should always do so knowingly, well aware that speculation more frequently leads to losses, and often greater losses.”
The Motley Fool’s
“But we don’t skip doing the valuing, especially after a stock we’ve bought continues to go up, way up, afterward. We don’t “buy and hold”, we “buy to hold”, hoping we’ll get to hold for a long time. But we’d be richer Fools today if we had sold some past mega-winners at a high multiple of where those shares eventually fell a few years later.”
The Motley Fool’s
What To Do With Your Money Now
Investors throughout our entire budget, asking ourselves, “Am I getting more than what I’m paying for?…..…. Making a habit of answering it when you open your wallet is the first step toward permanent financial independence and security.
The Motley Fool’s
What To Do With Your Money Now
“Predictions may make good headline copy for journalists, but that’s about all they’re good for. You rarely ever see these journalists follow up a year later to show the actual performance of their brilliant experts”
The Motley Fool’s
What To Do With Your Money Now
Mark Minervini
Stock Market Wizards
“Previous hands mean nothing. The current hand determines the probabilities. You have to make correct decision based on that information. Whether you lost or won in previous hands is totally irrelevant.”
Mark Minervini
Stock Market Wizards
“Ninety percent of my success is due to not doing things that are stupid. I don’t sell winners; I don’t hold losers; I don’t get emotionally involved.”
Steve Lescarbeau
Stock Market Wizard
“Therefore, this type of market is likely to either trend higher or break sharply…….. I implemented an option strategy that would make a lot of money if market went down big, make a little bit if market went up small and lose a small amount if the market went down small and stayed there.”
John Bender
Stock Market Wizard
“There are many different types of statistical arbitrage…… pair strategy has the advantage of reportedly being one of the prime strategies used by Morgan Stanley trading group. Pair trading involves a two-step process. First, past data are used to define pairs of stocks that tend to move together. Second, each of these pairs is monitored for performance divergence. Whenever there is a statistically meaningful performance divergence between two stocks in a defined pair, the stronger of the pair is sold and the weaker is bought. The basic assumption is that the performance of these stocks will tend to converge. …… a pair trading approach will provide an edge and profitability over the long run, even though there is a substantial chance that any individual trade will lose money.”
David Shaw
Stock Market Wizard
“One must at least recognise Peter Lynch’s advice to just cross off your list all companies that are losing money….. So one can turn an occasional blind eye on Lynch’s dictum, but should always do so knowingly, well aware that speculation more frequently leads to losses, and often greater losses.”
The Motley Fool’s
“But we don’t skip doing the valuing, especially after a stock we’ve bought continues to go up, way up, afterward. We don’t “buy and hold”, we “buy to hold”, hoping we’ll get to hold for a long time. But we’d be richer Fools today if we had sold some past mega-winners at a high multiple of where those shares eventually fell a few years later.”
The Motley Fool’s
What To Do With Your Money Now
Investors throughout our entire budget, asking ourselves, “Am I getting more than what I’m paying for?…..…. Making a habit of answering it when you open your wallet is the first step toward permanent financial independence and security.
The Motley Fool’s
What To Do With Your Money Now
“Predictions may make good headline copy for journalists, but that’s about all they’re good for. You rarely ever see these journalists follow up a year later to show the actual performance of their brilliant experts”
The Motley Fool’s
What To Do With Your Money Now
"If you are a value investor, you are always happy whether the market move up or down. Whichever the market direction, Mr market simply offers you more chances to make money. Therefore, money aside, compare to punters, at least you sleep better at night."
James
Retail investor and a follower of Warren Buffett
Retail investor and a follower of Warren Buffett
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