The most famous phrases in trading that you should keep in mind with every transaction. So that you do not lose everything.
* If intelligence was one of the factors that make us win in the financial markets, we would not find that most traders are losers. (Victor Sprando)
*One of the biggest reasons we lose money when trading in the financial markets is the inability to limit our losses. (Victor Sprando)
*Patience and calmness are the main factors that make us profitable when trading. (Nial Fuller)
*Don't think about profit, but rather focus your priorities on keeping your account from losing. (Paul Tudor Jones)
*Losses quickly take over the account, while profits take a long time to realize. (Warren Buffett)
*If we don't take risks into account, they will kill us. (Larry Hite)
*Allowing losses to spread is one of the biggest mistakes traders make. (William O'Neill)
*You have to be willing to make mistakes in order to learn and make more money. (Bruce Kovner)
*To become a successful trader you have to limit your losses as much as possible. (Ed Seykota)
Finally, the most important rule in investing (preserve your capital. Do not lose the basic capital, even if you exit without making a profit, you are still a winner).