Bill Lipschutz Quotes

United States, Founder
January 1, 1956

Bill Lipschutz is a foreign exchange market (forex) trader and the co-founder and Director of Portfolio Management at Hathersage Capital Management. He was also the former Global Head of Foreign Exchange at Salomon Brothers, where he worked from 1981 to 1990.

Also known as Director

If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.

Bill Lipschutz
- Money
- Learn
- Trades
I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.

Bill Lipschutz
- Money
- Winning
- Figure Out

Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard.

Bill Lipschutz
- Money
- Trade
- Reward
It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you're doing if you're a successful trader.

Bill Lipschutz
When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading size helps achieve that goal.

Bill Lipschutz