This framework book distills George Coyle's extensive research into the core principles and decision-making processes shared by many of the world's elite public market traders and investors. Coyle identifies three core principles that have been consistently emphasized for more than a century: Respect Price Action, Cut Losses Quickly, and Let Winners Run. He also explains two secondary principles commonly shared among these top performers: Managing Emotions and Avoiding Overtrading. Throughout the book, he reinforces each principle with direct quotes from accomplished traders and investors.