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500 of the Most Witty, Acerbic and Erudite Things Ever Said About Money by Philip Jenks

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Short-term trading

Key axioms

“Trading has been, and always will be, a hard way to make an easing living.”

Jeffrey Silverman

“The elements of good trading are cutting losses, cutting losses and cutting losses.”

Ed Seykota

“The price that people agree to in the pit is not the price that people think is going to exist in the future. It’s the price that both sides vehemently agree won’t be there.”

Jeffrey Silverman

“If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original. The mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.”

Edwin Lefevre

Mechanical systems ...

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