"Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough."
About Michael Marcus
Michael Marcus — Life and Legacy
Michael Marcus is a prominent figure in the trading world, celebrated for his unique approach to market speculation and risk management. His success story is rooted in his ability to navigate the complexities of trading, which he attributes to a disciplined mindset and a deep understanding of market psychology. Marcus's core philosophy revolves around the idea that losses are an integral part of trading. He famously stated that 'losing is part of the game,' emphasizing that traders must learn from their mistakes to succeed. This perspective challenges the common misconception that successful traders never lose, highlighting the importance of resilience and adaptability in the face of market fluctuations. His insights on risk management are particularly noteworthy, as he believed that the key to long-term success lies in effectively managing risk rather than solely focusing on profits. This approach has influenced countless traders, encouraging them to adopt a more strategic mindset in their trading practices. Marcus's teachings continue to resonate, reminding traders that emotional control and a well-thought-out strategy are essential for thriving in the unpredictable world of finance.
Quote collection
Michael Marcus quotes
5 quotes — follow a thought to its full quote page.
"Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers."
"I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Investing requires an intense personal involvement."
"Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach."
"Mathematics is the supreme nostalgia of our time."