Quotes About Risk

I would say that risk management is the most important thing to be well understood.

Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half. My experience with novice traders is that they trade three to five times too big.

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose per contract. If the meaningful stop point implies an uncomfortably large loss per contract, trade a smaller number of contracts.

there is probably no class of trades with a higher failure rate than impulsive (not to be confused with intuitive) trades.

the very moment you are caught, there is always a chance.

We must risk delight.

What can I do with these people? They come to the risk so dutifully. Are delighted by anecdotes that give them Poetry. Are grateful to be told of diagonals that give them Painting. Good people. But stubborn when warned the beast is not domestic. How can I persuade them that the dark, soulful Keats was five feet one? Liked fighting and bear-baiting? I can't explain the red hair. Nor say how you died so full of lust for Fanny Brawne. I will tell them of Semele.

When pregnant women scoop up cat litter and accidentally breathe in the particles, the parasite can find its way to their placentas. Like viruses, it can damage placental cells and cause them to commit suicide. The resulting condition, called toxoplasmosis, can lead to fetal infection, miscarriage, congenital disease, or disability later in life. This is why many pregnant women get their partners to empty the cat box for nine months.

The jury may be out over the long-term consequences, but it seems prudent to us to avoid C-sections if you have a choice.

If you go parachuting, and your parachute doesn't open, and you friends are all watching you fall, I think a funny gag would be to pretend you were swimming.

Well, let's put it this way, you'll be a major by nightfall or dead

Now, listen. My old man's coming back any minute, and if SHE catches you here, she's gonna wanna kick your ass!

Live, travel, adventure, bless, and don't be sorry.

We are rarely lazy—we are simply afraid.

Security is mostly a superstition. It does not exist in nature, nor do children as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure or nothing.

If you don't lose that fear of death, then you can never appreciate life or take the chances life gives you.

Failure seldom stops you. What stops you is the fear of failure.

I'd rather sing one wild song and burst my heart with it, than live a thousand years watching my digestion and being afraid of the wet.

We range the day And mount the sun. We soar past the rim of the world, And know not caution nor fear. But too soon the night comes. –Sigma Hotel

who have shielded themselves from its risks—at the cost of limiting their pleasures.

The only people who can honestly claim to be completely free agents in matters of eros are those who have shielded themselves from its risks—at the cost of limiting their pleasures.

I sort of understood that when I first started: that you shouldn't repeat a success. Very often you're going to, and maybe the first time you do, it works. And you love it. But then you're trapped.

Financially, I've lost money and made money, but I know my way around financially.

If you get an impulse in a scene, no matter how wrong it seems, follow the impulse. It might be something and if it ain't--take two!