If you ever find yourself tempted to seek out someone else's opinion on a trade, that's usually a … - Linda Bradford Raschke

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Quote of the day

It was strange and amusing. . . and, honestly, a bit embarrassing. . . to realize how much being near Bella had softened me. It seemed like no one was afraid of me any more. If Emmett found out about this, he would be laughing for the next century.

Linda Bradford Raschke

If you ever find yourself tempted to seek out someone else's opinion on a trade, that's usually a sure sign that you should get out of your position.

Finding Yourself, Opinion, Should, Sign, Usually

Same Author Quotes

The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!

Losing, Majority, Participate, Real, Skills, Trades

Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched -- if it gets pulled too far, eventually it will snap back. As a short-term trader, I try to wait until the rubber band is stretched to its extreme point.

Band, Pulled, Rubber Bands, Trades, Trying, Waiting

Perhaps my number one rule is: Don't try to make a profit on a bad trade, just try to find the best place to get out.

Best Place, Make, Numbers, Perhaps, Place, Trying

I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory.

Believe, Distant, Strong, Swings, Time

If you ever have to ask someone else's opinion on a trade, you shouldn't be in it.

Ask, Asks, Opinion, Trade

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