Loss Management Quotes

If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.

I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.

A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from among your worst performers and your laggards that show promise. If you can't convince yourself "When I'm down 25 percent, I'm a buyer" and banish forever the fatal thought "When I'm down 25 percent, I'm a seller," then you'll never make a decent profit in stocks.

First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.

If you personalize losses, you can't trade.

If you live in a graveyard, you can't weep for everyone.

Setbacks and losses are both inevitable and essential if you're going to improve and become a good, even great, competitor. The art is in avoiding catastrophic losses in the key battles.

When you lose, don't lose the lesson.

Always have the situation under control, even if losing. Never betray an inward sense of defeat.

It is dead wrong about necessary surplus of winnings over losings.

Everybody gets frustrated when they lose. But at the end of the day I can control what I do. Whatever team I'm on, let's roll.

When I play, I'm boiling inside. I just try not to show it because it's a lack of composure, and if you give in to your emotions after one loss, you're liable to have three or four in a row.

When you lose a loved one, you come to these crossroads. You can take the path that leads you down the aisle of sadness, or you can say, 'I'm never going to let this person's memory die. I'm going to make sure everything they worked for continues.'

When my mother died, my father was in a crisis, my sister was in a crisis, everyone was in a crisis. I went round the night my mother was lying in the kitchen, and I organised everything, from the undertaker to the funeral... I looked after everybody, I sorted it all out and I've done so ever since.

The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong.

I admire people who have that integrity, who know how to peacefully move through a situation - and it's reflected in how they deal with things like loss.

The most important thing in life is not simply to capitalize on your gains. Any fool can do that. The important thing is to profit from your losses. That requires intelligence, and makes the difference between a man of sense and a fool.

Emotions get in the way but they don't pay me to start crying at the loss of 269 lives. They pay me to put some perspective on the situation.

When you do make losses, or you have businesses that don't succeed, it's about knowing when to stop and do something else.

For me as a writer, it was understanding that we're so far behind in our way of dealing with death. We put someone in the ground, we bury them or we burn them, and then we're supposed to just move on and kind of get over it.

Knowing when to take your losses is an essential part of eventual success.

It's not the victories that count to me. It's the quality of how you deliver your losses and the quality of how you deliver your victories.

My wife has now made a point of, after losses, to bring our son into the bed when he wakes up in the morning. So when I'm waking up and I'm still obsessing over whatever happened the night before, I see this little guy right in front of me smiling and wanting to connect with me. It's totally changed how I compartmentalize.

I was the executer of our mother's trust. She asked me to hold onto the house for 10 years and then sell it. I think that was because it was so hard to face dying and think of all her most prized possessions no longer being a part of our lives as well. Business wise, it was a terrible investment, because we were losing money.

Take care to sell your horse before he dies. The art of life is passing losses on.