GOOD LUCK... Wise Quote of...
Bill Lipschutz "I don't have a problem letting my profits run, which many traders do. You have to be able to let your profits run. I don't think you can consistently be a winner trading if you're banking on being right more than 50 percent of the time. You have to figure out how to make money by being right only 20 to 30 percent of the time" Bill Lipschutz Beginning with $12,000 left to him by his grandmother, he built it up to over $250,000 in four years. For eight years he worked for Salomon Brothers and it is estimated that during this time he was responsible for in excess of one-half billion dollars Richard Dennis "When things go bad, traders shouldn't stick their head in the sand and just hope it gets better. You should always have a worst-case point. The only choice should be to get out quicker. The worst mistake a trader can make is to miss a major profit opportunity. 95 percent of profits come from only 5 percent of the trades." Richard Dennis Began with $400 and turned it into a fortune estimated to approach $200 million. Perhaps the best-known futures speculator of our time.
