Bill Lipschutz Quotes

• If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.

  Bill Lipschutz

  Hands, Traders, More Money

  27 Copy quote

• I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.

  Bill Lipschutz

  Winning, Thinking, Banking

  30 Copy quote

• Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard.

  Bill Lipschutz

  People, Risk, Rewards

  "The New Market Wizards". Book by Jack D. Schwager, 1992.

  24 Copy quote

• It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you're doing if you're a successful trader.

  Bill Lipschutz

  Successful, Majority, Different

  27 Copy quote

• When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading size helps achieve that goal.

  Bill Lipschutz

  Cutting, Goal, Information

  27 Copy quote

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