8 Harsh Short Sentences That Truly Control Trading Flow.
George Soros, a myth, a legend—an investment giant, one of the greatest traders of all time. Soros is primarily a short-term speculator, making large leveraged bets on market direction. He has many valuable insights and wisdom that can be used to improve our own trading.
1⃣ It doesn't matter whether you're right or wrong; what matters is how much profit you made when you were right and how much you lost when you were wrong!
2⃣ To succeed, you need to have enough patience; you need to face boredom and pain calmly.
3⃣ Investment trading is a long process filled with waiting, and profits often do not appear immediately.
4⃣ Go short, not long; be a good fighter but never cling to battle. What rises for long must fall, and what falls for long must rise. When there’s an opportunity, strike hard; once you succeed, take the profit and run.
5⃣ Financial management is always a way of thinking, not just simple skills.
6⃣ Not knowing what will happen in the future is not scary; what's scary is not knowing how to respond if something happens.
7⃣ If you overtrade, even if your judgment about the market is correct, you can still face total failure.
8⃣ Life is like a long marathon; whoever has the endurance can win the best victory.
