12 Quotes by Richard Dennis
- Author Richard Dennis
-
Quote
How much of a role does luck play in trading? In the long run,zero. Absolutely zero. I don’t think anybody winds up makemoney in this business because they started out lucky
- Tags
- Share
- Author Richard Dennis
-
Quote
Trading decisions should be made as unemotionally as possible.
- Share
- Author Richard Dennis
-
Quote
Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.
- Share
- Author Richard Dennis
-
Quote
You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades.
- Share
- Author Richard Dennis
-
Quote
I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.
- Share
- Author Richard Dennis
-
Quote
When you have a position, you put it on for a reason, and you’ve got to keep it until the reason no longer exists.
- Share
- Author Richard Dennis
-
Quote
I learned to avoid trying to catch up or double up to recoup losses. 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.
- Share
- Author Richard Dennis
-
Quote
A good trend following system will keep you in the market until there is evidence that the trend has changed.
- Share
- Author Richard Dennis
-
Quote
You should always have a worst case point. The only choice should be to get out quicker.
- Share