Quotes of the Day

Cutting losses, cutting losses, and cutting losses are the three keys to successful trading. [2003] - Marcel Link

80% of all customers are good customers, 5% are horrible and the other 15% are in between. You fire bad customers just as you would fire a bad employee. if you do not fire bad customers, not only will your good customers leave, many of your good employees will leave as well. You must also be able to fire bad advisors. If they are only interested in receiving their fees and not helping your business, your business will suffer. [2005] - Robert T. Kiyosaki

The ability to do push-ups in a cohort of men is more strongly associated with future cardiovascular risk than the treadmill stress test; and that cardiovascular adaptations actually take place primarily in muscle tissue, rather than in the heart and lungs. A study found that participants who had completed more than 40 push-ups were 96% less likely to suffer a cardiovascular problem than those who completed fewer than 10 push-ups. [2021] - Philip Shepherd

The Canadian Institute of Actuaries (CIA) confirms the benefits of rebalancing the asset mix on a regular basis (such as once a quarter). Over the long run, this practice can add up to 50 basis points to the annual return. [2020] - Frederick Vettese

You can use 25 to 33 percent of the margin requirement as a good day trading limit to lose. When I’m day trading, I try not to allow myself to lose more than 25 to 30 percent of the average true range of a stock on any given trade. [2003] - Marcel Link