A good piece of wisdom from Bill Eckhardt:
“If you make a bad trade, you have money management, you have a whole bunch of things that will come to your aid, and you’re really not in so much trouble if you make a bad trade. But if you miss a good trade there’s really nowhere to turn. If you miss good trades with any regularity you’re finished, you’re doomed in this game.”
More on Eckhardt can be found in Michael Covel’s bestseller TurtleTrader.