Good Trading Quotable Quotes

"The desire to maximise the number of winning trades (or minimise the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance."

William Eckhardt

 

"If the only tool you have is a hammer, you tend to see every problem as a nail"

-Abraham Maslow

 

Lawyers, doctors, engineers and professional men who make a success spend anywhere from two to five years' time studying and preparing to practice their profession before they begin making any money. Men enter into speculation in Wall Street without any preparation. They have made no study of it whatsoever. They try to deal in something they know nothing about. Is it any wonder then that they lose?

Speculators and investors who simply guess, follow tips, rumors, newspaper talk and so-called “inside information" have no chance of ever making a success.

-William D. Gann 1923

 

"That enormous profits should have turned into still more colossal losses, that new theories should have been developed and later discredited, that unlimited optimism should have been succeeded by the deepest despair, are all in strict accord with age-old tradition."

Benjamin Graham

 

Trend Finding is Edge Finding and Edge Finding is Trend Finding
nononsense's axiom

 

Drive carefully...but don't let anyone pass you.

 

The successfull warrior is the average man, with laser-like focus.

- Bruce Lee

 

Most of us don't have the discipline to stay focused on a single goal for five, ten, or twenty years, giving up everything to bring it off, but that's what's necessary to become an Olympic champion, a world class surgeon, or a Kirov ballerina. Even then, of course, it may be all in vain. You may make a single mistake that wipes out all the work. It may ruin the sweet, lovable self you were at seventeen. That old adage is true: You can do anything in life, you just can't do everything. That's what Bacon meant when said a wife and children were hostages to fortune. If you put them first, you probably won't run the three-and-a-half-minute-mile, make your first $10 million, write the great American novel, or go around the world on a motorcycle. Such goals take complete dedication.



Jim Rogers (Former Soros Partner who called this Commodity bull market)


The Detached Trader

 

“A vicious property of a Black Swan is its surprise effect: at a given time of observation there is no convincing element pointing to an increased likelihood of the event.”

-Nassim Taleb

 

"It's the trades you dont take that determine success or failure, not the ones you do take."
moi