Richard Dennis Quotes

#1. Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.

Richard Dennis

#2. When you are getting beat to death, get your head out of the mixer.

Richard Dennis

#3. I could trade without knowing the name of the market.

Richard Dennis

#4. I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.

Richard Dennis

#5. You should always have a worst case point. The only choice should be to get out quicker.

Richard Dennis

#6. You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can't afford to do is throw away your capital on suboptimal trades.

Richard Dennis

#7. Trading decisions should be made as unemotionally as possible.

Richard Dennis

#8. A good trend following system will keep you in the market until there is evidence that the trend has changed.

Richard Dennis

#9. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.

Richard Dennis

#10. When you have a position, you put it on for a reason, and you've got to keep it until the reason no longer exists.

Richard Dennis

#11. When things aren't going right, don't push, don't press.

Richard Dennis