Principles

Shelby kindly sent this quote to me today:

"As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble."

- Ralph Waldo Emerson

Agreed. In your trading, focus on the big principles (money management, disciplined execution of a system, keeping a schedule).

Posted by Rob on July 30, 2007 05:28 PM | Permalink

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