Curtis M. Faith Quotes
Books by Curtis M. Faith
Best 21 Quotes by Curtis M. Faith
“Risk is your friend. Don’t be afraid of it. Understand it. Dance with it.”
Way of the Turtle Quotes
“A Turtle never tries to predict market direction but instead looks for indications that a market is in a particular state. This is an important concept.
Good traders don’t try to predict what the market will do; instead they look at the indications of what the market is doing.”
“Good trading is not about being right, it’s about trading right.
If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades.”
“In a similar manner, simple rules make systems more robust because those rules work in a greater variety of circumstances.”
“It takes a lot of time and study before one realizes just how simple trading is, but it takes many years of failure before most traders come to grips with how hard it can be to keep things simple and not lose sight of the basics.”
“Keep it simple. Simple time tested methods that are well executed will beat fancy complicated methods every time.”
“Luck or random-effects play a large role in the performance of actual traders and actual funds even though the best traders do not like to admit that to their investors.”
“Most successful traders use a mechanical trading system.
It makes it easier for a trader to trade consistently because there is a set of rules that specifically define exactly what should be done.”
“Nothing ventured, nothing gained. Risk is your friend.”
“One of the ways in which good traders differ from those who are less successful is that they are not afraid to be different.”
“Over the years I kept finding evidence that emotional and psychological strength are the most important ingredients in successful trading.”
“People have a tendency to believe that complicated ideas are better than simple ones.
Some of us thought that trading successfully couldn’t possibly be that simple; that there must be something else to it.”
“The primary goal of trading should be to stay in the game.”
“The reality is that you don’t know and can’t predict how a system will perform. The best you can do is use tools that provide a sense of the range of potential values and the factors that affect those values.”
Products by Curtis M. Faith
“The recent past is no more important than any other historical time period; it only feels that way. The ability to avoid recency bias is an important component of successful trading.”
“The secret of trading and of the Turtles’ success is that you can trade successfully by using ideas and concepts that are well known and have been around for years.
But you have to follow those rules consistently.”
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“There's nothing like a family crisis, especially a divorce, to force a person to re-evaluate his life.”
“The Turtle Way views losses in the same manner: they are the cost of doing business rather than an indication of a trading error or a bad decision.
In fact, we were taught that periods of losses usually precede periods of good trading.”
“There are many successful discretionary traders, but there are far more unsuccessful ones.
The biggest reason for this is that the ego is not your friend as a trader. The ego wants to be right, it wants to predict, and it wants to know secrets.
The ego makes it much more difficult to trade well by avoiding the cognitive biases that hinder profits.”
“They often do not realize how markets go through phases and change over time, often returning to conditions that previously existed.
In trading as in life, the young often fail to see the value in studying the history that occurred before they existed.”
“Trading is filled with uncertainties. You do not know whether a trade is going to make you money.
The best you can do is be confident that the rewards will outweigh the risks over the long run.”
“We were taught how to think in terms of the long run when trading and we were given a system with an edge.”
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