You are herePaul Rotter
Paul Rotter
Paul Rotter: A trader you should have no opinion. the more opinion you have, the harder gets it to get out of a losing position.
Quote from the Traders Magazine Interview 2004 Paul Rotter: The Worlds most Successful Trader
Q: Why don't you have any problems with closing out the position and even taking the opposite direction? Shouldn't a trader stick to his opinion?
A: No, definetly not. an analyst or some kind of gure has to stick to it, but as a trader you should have no opinion. The more opinion you have, the harder gets it to get out of a losing position.
One of the most used sayings in the stock market is “Trade what you SEE, not what you THINK”. Just wonder how many traders took this simple advice seriously and understood its real meaning. It they were, I am sure they would increase their trading profits multi-folds.
Paul Rotter: The Worlds Most Successful Trader
Paul Rotter: The World's Most Successful Scalping Trader
MYSTERY OF THE YEAR
Finding the Flipper
It has been a source of great debate among traders on the Eurex all year: Who is the Flipper? Is there a Flipper? Is there in fact more than one Flipper? Could there be a whole organized army of Flippers? How many Flippers does it take to screw in a light bulb?
