" Greed , Fear , Impatience , Ignorance , and Hope will all fight for mental dominance over the speculator . Then , after a few failures and catastrophes the speculator may become demoralized , depressed , despondent , and abandon the market and the chance to make a fortune from what the market has to offer .”
- Jesse Livermore
" It ' s quite tempting to bend your rules to make your current trades work , ... Two of the cardinal sins of trading - giving losses too much rope and taking profits prematurely - are both attempts to make current positions more likely to succeed ...”
- William Eckhardt ,
“ I hated every minute of training , but I said , ‘ Don ’ t quit . Suffer now and live the rest of your life as a champion .’”