Some trading quotes

From this story.

"I read a book on trading many years ago that said before every trading day
begins, you must ask yourself: How badly can I screw-up my account today?
"

The best single phrase about how much investment risk one should take comes
from J.P. Morgan, who told a worried friend, "sell down to your sleeping point."

"When the market goes against you, you hope that every day will be the last
day — and you lose more than you should had you not listened to hope. And when
the market goes your way, you become fearful that the next day will take away
your profit and you get out — too soon. The successful trader has to fight these
two deep-seated instincts."