Quotations by Robert C. Miner

Most new and unsuccessful traders focus on a very small time frame. They trade for ticks or pips instead of trading the larger trends for points. [2009] - Robert C. Miner

If you are a day trader, you may be sitting in front of the monitor(s) five or six hours a day making quick decisions. If you’re a swing trader (doing trades that typically last a few days) making decisions based on intraday data, you should only have your attention on the markets once they meet the minimal conditions for a trade. You may only have to put in an hour or two a day in front of the monitor. If you’re a position trader making decisions based on monthly, weekly, and daily data, you should only have to spend 30 minutes or so each evening scanning the data and charts for potential setups, or a bit more time if you are a stock/ETF trader and following a lot of markets. [2009] - Robert C. Miner

A very important key routine, even if you are a day trader, is to do most of your analysis and preliminary decision making outside of market hours. Even day traders should start the day with a plan by identifying which markets have the best potential for trade setups that day. [2009] - Robert C. Miner

Every successful trader has a trade record-keeping system to track and record trades with comments, and most unsuccessful traders do not. [2009] - Robert C. Miner

A trade plan does not guarantee success, but lack of one guarantees failure. [2009] - Robert C. Miner

The dual time frame momentum conditions are the best trade filter I’ve discovered in over 20 years. [2009] - Robert C. Miner

I’ve talked with brokers who (confidentially) say more than 95% of their accounts lose money and are closed out within six months. [2009] - Robert C. Miner

If you can’t make money with unleveraged trades, you’ll never make money with leveraged trades. [2009] - Robert C. Miner

Until you have developed a consistently successful trading plan that is profitable on a regular basis, your objective is not to make money but to learn to trade. [2009] - Robert C. Miner

I believe day-trading provides the least return for your time and investment of any time frame of trading. [2009] - Robert C. Miner