“Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60, 70% of the time and still make a lot of money. If you ignore the discipline of managing risk, you have to be right 80% of the time or more, and I don’t know anyone who’s that good.”

“Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60, 70% of the time and still make a lot of money. If you ignore the discipline of managing risk, you have to be right 80% of the time or more, and I don’t know anyone who’s that good.”

— Larry Rosenberg