Jack D. Schwager Quotes

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

Jack D. Schwager

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

Jack D. Schwager

#3. Good traders liquidate when they are wrong, great traders reverse when they are wrong

Jack D. Schwager

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

Jack D. Schwager

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

Jack D. Schwager

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

Jack D. Schwager

#7. Michael Jordan didn't become a great basketball player because he wanted to do product endorsements. Van Gogh didn't become a great painter because he dreamed that one day his paintings would sell for $50 million.

Jack D. Schwager

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

Jack D. Schwager

#9. Those who want to win and lack skill can get someone with skill to help them. I

Jack D. Schwager