Top 25 William Eckhardt Quotes
#1. What nothing earthly gives, or can destroy,
The soul's calm sunshine, and the heart-felt joy,
Is virtue's prize.
Alexander Pope
#2. One common adage ... that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.
William Eckhardt
#3. Large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst investments after long periods of winning.
William Eckhardt
#4. People write me letters and say I should answer them. But I don't like to answer letters. I don't write letters. I've never written my mother one.
Todd Rundgren
#5. The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run. The general idea is that what works most of the time is nearly the opposite of what works in the long run.
William Eckhardt
#6. Debts are nowadays like children begot with pleasure, but brought forth in pain.
Moliere
#7. My work is not about 'form follows function,' but 'form follows beauty' or, even better, 'form follows feminine.'
Oscar Niemeyer
#8. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.
William Eckhardt
#9. Knowledge that is acquired is not like this. Those who have it worry if audiences like it or not. It's a bait for popularity. Disputational knowing wants customers. It has no soul ... The only real customer is God. Chew quietly your sweet sugarcane God-Love, and stay playfully childish.
Rumi
#10. Because we're watching so many movies and are consumed by so many stories, science fiction lets you do something a bit fresh and that hasn't been seen before.
Brit Marling
#11. I take the point of view that missing an important trade is a much more serious error than making a bad trade.
William Eckhardt
#12. Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.
William Eckhardt
#13. Comfort is for sissies and unattractive people
P.C. Cast
#14. It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.
William Eckhardt
#15. Amateurs go broke taking large losses, professionals go broke taking small profits.
William Eckhardt
#16. The Church is called to draw near to every person, beginning with the poorest and those who suffer.
Pope Francis
#17. I had to produce a complete page - or two or three - in one day. I took a lot of pride in my work, and I hated to do a mediocre job. Evidently, some of the writers enjoyed my work best of all for that very reason.
Joe Shuster
#18. Every happy memory created for a child is another treasure of a lifetime.
Donna Marie
#19. 'Adbusters' is my favourite reading material, so as soon as you go there, the synapses start firing in a different way. You start taking on things that sometimes I feel are out of our control. That's what basically fuels my creative side.
Raine Maida
#20. I say these damned things,' Jack went on, musing as they drank their bottle, 'and don't quite understand at the time, though I see people looking black as hell, and frowning, and my friends going "Pst, pst", and then I say to myself, "You're brought by the lee again, Jack.
Patrick O'Brian
#21. You can be very promiscuous in your research, but not in your trading.
William Eckhardt
#22. I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.
William Eckhardt
#23. If the losses don't hurt, your financial survival is tenuous.
William Eckhardt
#24. Investing is a negative game emotionally. If you're playing for the emotional satisfaction, you're bound to lose, because what feels good is often the wrong thing to do. When all the criteria are in balance, do the thing you least want to do.
William Eckhardt
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