Weinstein est l'un des Market Wizards interviewés par Schwager dans son premier tome. Son style est technique.
The greatest traders are the ones who are most afraid of the markets. My fear of the markets has forced me to hone my timing with great precision. If my gut feel of market conditions is not right, I don't trade. My timing is a combination of experience and my nervous system. If my nervous system tells me to get out of the position, it is because the market action triggers something in my knowledge and experience that I have seen before.
I also don't lose much on my trades, because I wait for the exact right moment. Most people will not wait for the environment to tip itself off.
- I still don't have a method for controlling risk. I depend on my nervous system and gut reaction. I cover positions when I don't feel right about them.
- It was an obsession. At that point, it wasn't the money that was motivating me. I was hooked on the game: on the challenge of trying to figure out the market.
- The biggest mistake I made was having a specific target of what I wanted out of the trade.
- I think there are a lot of people in this business who just enjoy watching others lose money.
- My friend thinks technical analysis is just a crutch for me, and the real reason I make money is experience.
- I preferred trading for small profits and trying to eradicate losing trades.
- I realized I had lost money in the first place because I was inexperienced.
- I haven't had any losing weeks since 1980  but I had some losing days.
- I wait for can't-lose circumstances.
- I use many different types of technical input: charts, Elliot wave and Gann analysis, Fibonacci numbers, cycles, sentiment, moving averages, and various oscillators. People think that technical analysis is unreliable because they tend to pick the one thing they are comfortable with. The problem is that no single approach works all the time.
- I don't believe in systems that always approach markets in the same way. Using myself as "the system", I constantly change the input to achieve the same output - profit !
- I am always looking for a market that is losing momentum, and then go the other way.
- I don't try to figure out where the market is going before the action; I let the market tell me where it is going.
- A market that is fundamentally and technically poised to move higher is not going to reverse direction because of a news item - even a dramatic one.
- The market goes down not only on profit taking, but on a lot of loss taking as well.
- Always do your homework.
- Don't be arrogant. When you get arrogant, you forsake risk control. The best traders are the most humble.
- Understand your limitations. Everyone has limitations - even the best traders.
- Be your own person. Think against the herd, as they must lose in time.
- Don't trade until an opportunity presents itself.
- Your strategy has to be flexible enough to change when the environment changes.
- Don't get too complacent once you have made the profits. The toughest thing in the world is holding on to profits.
- You have to learn how to lose; it is more important than learning how to win.
- Limit losses quickly.