Trading Quotes

There are two easy ways to never let a winner turn into a loser. The first method is to trail your stop. The second is a derivative of the first, which is to trade more than one lot. [2006] - Boris Schlossberg

Profiting from up to 80% of the move is good enough. [2006] - Boris Schlossberg

The key is to make your overall trading approach meaningful but to make any individual trade meaningless. [2006] - Boris Schlossberg

It was perfectly acceptable to sustain a drawdown of 10% if it was the result of five consecutive losing trades that were stopped out at 2% loss each. However, it was inexcusable to lose 10% on one trade. [2006] - Boris Schlossberg

Oftentimes, at the beginning of a week, a new trend will emerge. If the trend is strong enough, it can last for several days with virtually no retracement. [2006] - Boris Schlossberg

Many start out trading on a position basis (end-of-day) and do well. Then they decide that they want to trade intraday, and everything changes. [2004] - Bill Williams

The key to success is being able to trade your belief systems and have fun. [2004] - Bill Williams

Only 15 to 30 percent of the time does the market trend. [2004] - Bill Williams

If you are trading commodities, there are a few more things you must know, such as contract month expiration. [2004] - Bill Williams

We recommend a minimum of $10,000 for a commodity account and $25,000 for a stock account. You have about 50 to 1 leverage in commodities. The smaller the account, the longer it will take you to build up your equity. [2004] - Bill Williams

It really should not take more than 30 minutes a day to evaluate all markets, and it could take only 10 to 15 if you can really focus on the markets instead of your opinions about the markets. All you need to trade on a position basis is a few minutes at the end of the market day to place your orders for the next day. [2004] - Bill Williams

I prefer to trade the daily charts. They tend to produce more profits long-term because you are able to increase the size of the investment with the trend. I also trade intraday if the daily time frame does not produce signals. If I trade intraday, I tend to look at the 10-minute time frame for volatile markets like the indices. All other markets like the currencies or the grains I trade the 30-minute charts. [2004] - Bill Williams

If you are totally new to the markets, you may expect a learning curve of one to a few months. Our goal is 10 percent per month ROI. That is more than 300 percent per year. [2004] - Bill Williams

We recommend that you do not trade on less than a 5-minute chart. [2004] - Bill Williams

You should not need to pay for full-service brokerage. You should shop around for the best price per round turn or per share that will give you excellent service on filling your orders. As you trade more, you will be able to negotiate lower commissions. [2004] - Bill Williams

Sometimes we may have more losing trades than winners but our winners are so much larger that the profits continue to accrue. [2004] - Bill Williams

Never margin over half of your account at any time. [2004] - Bill Williams

If you place your protection based on a percentage loss you are not trading the market. [2004] - Bill Williams

Reverse Pyramiding: If we fell comfortable trading a total of 15 contracts. our first entry is only one contract. Then on the second signal, we buy 5 contracts, then 4 contracts on the third signal, 3 contracts on the fourth signal and 2 contracts on the fifth market-generated signal. [2004] - Bill Williams

Assume we are in a profitable long position and the market is about to hit our trailing stop, when we have a good entry and nice profits, we sometimes will take out half our profits and place a stop on the other half and just let the market run and see what happens. The decision to get out of all or part of your position is mostly a psychological call. It probably is more appropriate for experienced traders who trust their “feel” of the market. [2004] - Bill Williams