Being wrong is acceptable, but staying wrong is totally unacceptable.

— Jack D. Schwager

The most stunning Jack D. Schwager quotes that are simple and will have a huge impact on you

Traders focus almost entirely on where to enter a trade.

In reality, the entry size is often more important than the entry price

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The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succeed in the markets. The markets are a dynamic process, and sustained investment success requires the ability to modify and even change strategies as markets evolve.

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You don't have to get in or out of a position all at once.

Avoid the temptation of wanting to be completely right.

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Michael Jordan didn’t become a great basketball player because he wanted to do product endorsements. Van Gogh didn’t become a great painter because he dreamed that one day his paintings would sell for $50 million.

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Being a successful investor & winning in the stock market is a matter of skill & discipline and not luck alone

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If you don’t stay with your winners, you are not going to be able to pay for the losers.

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Good traders liquidate when they are wrong, great traders reverse when they are wrong

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There are a million ways to make money in the markets.

The irony is that they are all very difficult to find.

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