Interactive Markets Trading Account Legal Terms

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• "If you don't know what you are doing, doing nothing is better than doing you know what."
  Trader Jack
• "Trade what you see, not what you think."
• "Most traders take a good system and destroy it by trying to make it into a perfect system."
• "If you're going to panic, panic early."
• "If you look around the table and don't see a sucker, then you are the sucker."
• "If you find yourself in the bottom of a deep hole, the first thing to do is stop digging."
• "The system wasn't designed so that most people could beat it."
• "At all levels of play the secret of success lies not so much in playing well as in not playing badly."
• "The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad."
  Richard Dennis, on Turtle Trading
• "The opportunity of a lifetime must be seized during the lifetime of the opportunity."
  Leonard Ravenhill
• "Experienced traders control risk, inexperienced traders chase gains."
  Alan Farley
• "The market can remain irrational longer than you can remain solvent."
  John Maynard Keynes
• "My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner."
  Burt Dohmen
• "We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."
• "There are only 3 rules. Rule number 1: Don't lose money. Rule number 2: Don't forget rule number 1. Rule number 3: The only thing you should be holding overnight is your teddy."
  Trader Jack