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Jack D. Schwager Quotes: Good traders liquidate when they are wrong, great traders reverse when they are wrong
         

Good traders liquidate when they are wrong, great traders reverse when they are wrong


Jack D. Schwager
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"Jack D. Schwager Quotes." Quoteslyfe.com, 2024. Thu. 18 Apr. 2024. <https://www.quoteslyfe.com/quote/Good-traders-liquidate-when-they-are-wrong-675059>.





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Other quotes of Jack D. Schwager


Being wrong is acceptable, but staying wrong is totally unacceptable.

Being wrong is acceptable, but staying wrong is totally unacceptable.



Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price



You don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.

You don't have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right.



If you don’t stay with your winners, you are not going to be able to pay for the losers.

If you don’t stay with your winners, you are not going to be able to pay for the losers.



Being a successful investor & winning in the stock market is a matter of skill & discipline and not luck alone

Being a successful investor & winning in the stock market is a matter of skill & discipline and not luck alone



There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.





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You end up as you deserve. In old age you must put up with the face, the friends, the health, and the children you have earned.

You end up as you deserve. In old age you must put up with the face, the friends, the health, and the children you have earned.



Forgiveness is important in families, especially when there are so many secrets that need to be healed - for the most part, every family's got them.

Forgiveness is important in families, especially when there are so many secrets that need to be healed - for the most part, every family's got them.



If we can trust the sufferings of Christ for our sake then we can trust Christ when we suffer for His sake.

If we can trust the sufferings of Christ for our sake then we can trust Christ when we suffer for His sake.



You can fool everyone else, but you can't fool your own mind.

You can fool everyone else, but you can't fool your own mind.



We do have to look at the mosques very carefully. The mosques, a lot of things are happening in there, folks, a lot of things.

We do have to look at the mosques very carefully. The mosques, a lot of things are happening in there, folks, a lot of things.



Nothing so bolsters our self-confidence and reconciles us with ourselves as the continuous ability to create; to see things grow and develop under our hand, day in, day out.

Nothing so bolsters our self-confidence and reconciles us with ourselves as the continuous ability to create; to see things grow and develop under our hand, day in, day out.



There is no final stage in nirvana. Nirvana is beyond definition. It is not quantifiable.

There is no final stage in nirvana. Nirvana is beyond definition. It is not quantifiable.



Some like them fat, some like them tall, some like them short, skinny legs and all. I like them all.

Some like them fat, some like them tall, some like them short, skinny legs and all. I like them all.



Washington is broken. I know what it takes to get this country back, and will work with good Democrats and good Republicans to do that.

Washington is broken. I know what it takes to get this country back, and will work with good Democrats and good Republicans to do that.




Quote Description


This page presents the quote "Good traders liquidate when they are wrong, great traders reverse when they are wrong". Author of this quote is Jack D. Schwager. This quote is about reverse, traders,.