27 October 2013
Larry Williams' quote
•Don’t bet big on any trade.
•Use money management. “Ralph Vince opened my eyes to this; it is the most critical factor of all. Nothing is more important to survival.”
•Fade the advisors and public; they are most often wrong while the commercials are most often correct.
•Don’t let your emotions run your trading game.
•Trade what you see, not what someone tells you that you should be seeing. Forget the news; trade what you see.
“Above all, fundamentals matter,” Williams concludes. “As I see it, price goes up or down, from point A to point B, due to fundamental conditions. That means we must understand fundamentals. However, the path price takes is not direct; it is a path driven by the news and emotions of the day. That’s where technical analysis shines.”
•Use money management. “Ralph Vince opened my eyes to this; it is the most critical factor of all. Nothing is more important to survival.”
•Fade the advisors and public; they are most often wrong while the commercials are most often correct.
•Don’t let your emotions run your trading game.
•Trade what you see, not what someone tells you that you should be seeing. Forget the news; trade what you see.
“Above all, fundamentals matter,” Williams concludes. “As I see it, price goes up or down, from point A to point B, due to fundamental conditions. That means we must understand fundamentals. However, the path price takes is not direct; it is a path driven by the news and emotions of the day. That’s where technical analysis shines.”
Labels: Investment Quote
