Richard Dennis

The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can’t do is give people the confidence to stick to those rules even when things are going bad.

Richard Dennis

I would say this to new traders – although it may not be a reassuring thought – when you start, you ought to be as bad a trader as you are ever going to be.

Richard Dennis

For a lot of traders, it doesn´t matter so much whether tehir first big trade is successful or not, but whether their first big profit is on the long or the short side. Those people tend to be perennial bulls or bears, and that is very bad. Both sides have to be equally OK.

Richard Dennis

When you have a destabilizing loss, get out, go home, take a nap, do something, but put a little time between that and your next decision.

Richard Dennis

We are going to grow traders just like they grow turtles in Singapore.

Richard Dennis

You have too minimize your losses and try to preserve capital for those few instances when you can make a lot in a very short period of time.

Richard Dennis

The judgements that you make looking at prices on the screen aren´t as good as those made in the pit watching what is going on.

Richard Dennis

I always say that you could publish your trading rules in the newspaper and no one would follow them. The key is consistency and discipline.

Richard Dennis

I would write down observations and think about them. I thought about everything I was doing.

Richard Dennis

When things go bad, traders shouldn´t stick their heads in the sand and just hope it gets better.

Richard Dennis

The correct approach is to say: This structure means up, and this structure means up no more, but never that this structure means up this much and no more.

Richard Dennis

I could trade without knowing the name of the market.

Richard Dennis

Whatever methid you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.

Richard Dennis

Trading decisions should be made as unemotionally as possible.

Richard Dennis

What we ought to do is admit that Keynesian economics is just an excuse for easy money, overspending, and overconsuming.

Richard Dennis

There will come a day when easily discovered and lightly conceived trend-following systems no longer work. It is going to be harder to develop good systems.

Richard Dennis

Focus on whether what you are doing is right, not on the random nature of any single trade´s outcome.

Richard Dennis