Trading Quote Of The Day

[micha88]

"Trade What You See, Not What You Think."

Joe Ross, Trading The Ross Hook

 

[micha88]

"Take every gain without showing remorse about missed profits, because an eel may escape sooner than you think."

Joseph de la Vega, 1688, in an early manual on trading
Quoted from Street Smarts

 

[micha88]

"True Trading Mastery derives from understanding the relatively small role technical analytical factors play in the overall trading process and the inestimatably important role that correct market attitudes and beliefs exert in facilitating a consistently profitable result."

Bob Koppel

 

[micha88]

"The best fertilizer is the farmer's shadow. This adage applies equally well to trading as it does to farming. Trading profits are cultivated in the rich soil of market discipline, strict money management and consistent adherance to a proven trading strategy."

Howard Abell

"It is the mind that maketh good or ill, that maketh wretch or happy, rich or poor."

Edmund Spenser

Trading Quotable Quotes

 

[micha88]

"You learn to distinguish the good traders from the bad, the successful techniques from the unsuccessful, and the good habits from the faulty. You also learn to distinguish the lover from the fighter, the winners from the losers, the serious from the frivolous, the cerebral from the superficial, and the friend from the foe. But above all, you learn that the psychological makeup of the trader is the single most critical element of success."

Leo Melamed

 

[solentsurfer]

The only sure way to end up with £1,000,000 through trading is to start with £2,000,000

 

[micha88]

"The markets are not random. I don't care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be."

Jack D. Schwager, Market Wizards

Trading Quotes

 

[micha88]

"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

 

[micha88]

"If a trader hasn't neutralized his susceptibility to give his winnings back to the market, then he is not what I define as a successful trader."

Mark Douglas

 

[micha88]

The markets are always changing, and they are always the same.

Jack D. Schwager

 

[micha88]

When you are 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 helps achieve that goal.

Bill Lipschutz

Bill Lipschutz Quotes