The Best Trading Proverbs

Take your time. Sleep on it if necessary.

 

"Markets are amoral. They do not punish the greedy nor do they necessarily reward the virtuous and the frugal saver."
-Ed O'Neill

 

"A boom is just capitalism's way of setting up the next bust."
-James Grant

 

"The four most expensive words in English language "this time its different".
-Sir John Templeton

 

This is a Japanese saying regarding trading:

Buying is a skill, but selling is an art.

In English skill and art can be close/the same in meaning.
But in this Japanese saying art strongly outweighs skill.

However, I think that the saying should be reversed, with
buying being the art and selling being the skill.

 

The art aspect of trading would account for why so many find it so difficult.

 

'Art' as used in the Japanese saying or as I feel it should be used for buying?

 

More than 90% of small traders lose! They just lose

emg

 

And the simple reason is:

More than 90% of small traders don't study! They just don't study.

 

I meant art, probably in the Japanese sense, as in something beyond skill. You might say a skill can be taught and learned, whereas art is something approaching spiritual and cannot be taught directly.

With regard to which parts of trading are art versus skill, I'm uncertain. Some would say managing a trade and placing stops is an art, which is more in line with the original saying.

If you're saying the opposite, then it implies you find exiting easier than trade selection?