Quotes from traders

Your job as a trader is easy. Once you’ve identified what kind of stocks you have, push your winners. Kill your losers. No hard feelings.

It seems to be part of human nature to focus on the most hopeful point of the trading cycle. Our research indicated that liquidations are vastly more important than initiations. If you initiate purely randomly, you do surprising well with a good liquidation criterion.

Be ruthless in cutting losses, the money you earn by liquidating your losses long way below the stops can still be made up if you take that money off the table and invest in winners.

 Be the Ghanjoman - give food only to the fittest.

When it comes to investing, you have to be ruthless, and show no compassion for losing positions (cut your losses).

Every trader only has a finite amount of capital (food), and, you are right, it should always be given to your best stocks (let your winners run).

SHOW NO COMPASSION HORRRRRR!!!