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.

disciplinefailure— Market Wizards interview, 1988
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You have to be willing to make mistakes regularly. The trick is to make small mistakes and ride big winners.

disciplinerisk-management— Market Wizards, 1988
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Ed Seykota taught me that it’s okay to be wrong, but it’s not okay to stay wrong.

disciplineloss-cutting— Market Wizards, 1988
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The best trades are the ones where the fundamentals and the technicals are both screaming the same thing.

fundamentalstechnical-analysis— Market Wizards, 1988
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I’d rather miss a move than get caught in a bad one. There’s always another trade.

disciplinepatience— Market Wizards, 1988