Risk Control Keeps You In The Game
Making money is not the same as keeping it. –from Marc Friedfertigs and George Wests Electronic Day Traders Secrets (1999, McGraw-Hill, New York.)
Intraday Trade Setups
Stocks that are down on the day and reverse, and turn positive on the day, are frequently good buys when crossing from minus to plus.–Marc Friedfertig and George West, from The Electronic Day Trader (1998, McGraw-Hill, New York.)
Adapt to Conditions
Good trading generally entails getting smaller when things are going bad and getting bigger when things are going well.–Marc Friedfertig and George West, from The Electronic Day Trader (1998, McGraw-Hill, New York.)
Don’t Fight The Tape
Stocks move in the path of least resistance. If it is hard to sell, then it is going lower. If a stock is hard to buy, then it is going higher. If a stock is supposed to go higher and it doesnt, then it is going lower. Do not fight the tape.–Marc Friedfertig and George Wiest, from The Electronic D
Put the News in Perspective
GǪthe news doesnt actually matter. What matters is what other the other traders positions are (i.e., what they were truly expecting) when the news came out.–Marc Friedfertig and George West, from The Electronic Day Trader (1998, McGraw-Hill, New York).
It’s A Competitive Arena
The only reason there is money in themarket is that other traders put it thereGǪThe money you want to make belongsto other people who have no intention of giving it to you.–Marc Friedfertig and George West,from The Electronic Day Trader (1998,McGraw-Hill, New York.). -á
Traits Of Winning Traders
Winners admit when they are wrong, and even more importantly, they react when they are wrong.–Marc Friedfertig and George West, from The Electronic Day Trader (1998, McGraw-Hill, New York.).
On Improving Results In Trading:
Traders who track their results should be able to improve performance by focusing on what matters most–the profit and loss statement after the closing bell. …Try for consistency. Hitting singles regularly, traders are more likely to exceed their expectations, while eliminating large swi
Hitting Singles
Traders who track their results should be able to improve performance by focusing on what matters most–the profit and loss statement after the closing bell. …Try for consistency. Hitting singles regularly, traders are more likely to exceed their expectations, while eliminating large swin
On Price Movement
Stocks move in the path of least resistance. If it is hard to buy, it is going higher. If it is hard to sell, it is going lower.– Mark Friedfertig and George West, from The Electronic Day Trader, (1998, McGraw-Hill, New York).
Risk Control Keeps You In The Game
Making money is not the same as keeping it. –from Marc Friedfertigs and George Wests Electronic Day Traders Secrets (1999, McGraw-Hill, New York.)
Adapt To Conditions
Good trading generally entails getting smaller when things are going bad and getting bigger when things are going well. –Marc Friedfertig and George West, from The Electronic Day Trader (1998, McGraw-Hill, New York.)For other great trading quotes, booksand products, go to the TradersGal