Michael Marcus Quotes

Michael Marcus is considered to be one of the first people who employed technical trading to their investment strategy. He is famous to have amassed a substantial amount of money relying on his support and resistance levels and trading at a ratio of about 1 to 15, 1 to 30. This means that even if he had 29 losing trades, the 30th would even his account.

Here are some his most noted quotes:

 1) Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough.

2) Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers.

3) I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Investing requires an intense personal involvement.

4) Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.

5) Mathematics is the supreme nostalgia of our time.