"Quote by Richard Dennis (New Market Wizard - Jack Schwager)" by alifari in Dukascopy Forex Community
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Quote by Richard Dennis (New Market Wizard - Jack Schwager)

Richard Dennis -- Started as a runner on the exchange floor. Borrowed $1600 from family, bought a seat on the Mid America Exchange , and ran $400 to approach $200 million. Market Wizard.

You should expect the unexpected in this business; expect the extreme. Don’t think in terms of boundaries that limit what the market might do.

Advice: trade small because that’s when you are as bad as you are ever going to be.

You should always have a worst case point. The only choice should be to get out quicker.

I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.

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Erialda avatar
2013年06月03日

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