All Quotes

5 quotes

MICHAEL MARCUS

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My first trade taught me everything. I made money, held on for more, and lost it all. Every trading lesson I know fits in that one story.

disciplinefailureMarket Wizards interview, 1988

You have to be willing to make mistakes regularly. The trick is to make small mistakes and ride big winners.

disciplinerisk-managementMarket Wizards, 1988

Ed Seykota taught me that it’s okay to be wrong, but it’s not okay to stay wrong.

disciplineloss-cuttingMarket Wizards, 1988

The best trades are the ones where the fundamentals and the technicals are both screaming the same thing.

fundamentalstechnical-analysisMarket Wizards, 1988

I’d rather miss a move than get caught in a bad one. There’s always another trade.

disciplinepatienceMarket Wizards, 1988