Bernard Baruch – Aiming For The Middle 80% Of The Move

Spread the love

Legendary Trader / Investor :


Inspirational Trading Quote :

  • I’ll give you the bottom 10% and top 10% of any move if I get to keep the middle 80%.


My Thoughts :

  • As Elliott Wave Technicians, we all know that one of R.N Elliott’s 3 major rules is that Wave 3 cannot be the shortest of the 3 motive waves.
  • It is usually the longest and often times prolonged, resulting in an extended Wave 3 scenario.
  • That is why many Elliott Wave cum trend traders love to take high probability trades based on the Wave 3 setup.
  • And as a rule of thumb, when Wave 3 is extended, then Wave 1 and Wave 5 usually will be similar in size.
  • If you are able to put this into the context of what legendary trader Bernard Baruch illustrated in his quote.
  • Then, it make complete sense when he refers to his interest only in the middle 80% as the bulk or meat of the trade.
  • Hope you have the same “A-Ha” moment when I first read Bernard Baruch’s quote many years ago.


Get Inspired To Learn & Trade :


Get access to more Inspirational Trading Quotes from your favorite legendary traders.


Shorten your learning curve by downloading our complimentary Elliott Wave Cheat Sheets.


For more articles on the Elliott Wave Principle, check out our other posts in our  Elliott Wave Blog.


Leave a Reply

Your email address will not be published.

Solve : *
14 − 3 =