Steve Cohen:
40% of a stock's price movement was due to the market, 30% to the sector, and only 30% to the stock itself, which is something that I believe is true. I don't know if the percentages are correct, but conceptually the idea makes sense.
I compile statistics on my traders. My best trader makes money only 63% of the time. Most traders make money only in the 50 to 55% range. That means you're going to be wrong a lot. If that's the case, you better make sure your losses are as small as they can be, and that your winners are bigger.
All traders make mistakes; the great traders, however, limit the damage.
There is no single right way to trade the markets.
It is important to make sure you have a good reason for putting on a trade.
No single style or approach can provide superior results over long periods of time. To continue to outperform, the great traders continue to learn and adapt.
2017年11月14日 星期二
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