If you can’t take a small loss, sooner or later you will take the mother of all losses.”
Ed Seykota
Author: Ivanhoff
Trading happiness
“I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.”
Paul Tudor Jones
A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does damage to the pocketbook and to the soul.”
Jesse Livermore
Know when to be aggresive
“There is time to go long, time to go short and time to go fishing.”
Jesse Livermore