quote all bears need to read.

The victorious strategist only seeks battle after the victory has been won, whereas he who is destined to defeat first fights and afterwards looks for victory. - Sun Tzu, Art of War

translation: don't fight the trend

 

He's overrated, overquoted and would have been a lousy trader.

 

How bout....

"More people lost more money after the 1987 crash, waiting for a repeat of the 1929 crash, than is pleasant to contemplate"

Niederhoffer "Education of a Speculator" p 214

 

Page-215, "Once a put-seller, always a put-seller".

 

I do not think i managed to reach p 214 or 215................the book was in the trash can by then..............

Here is a better Chinese Philosopher:

"He who knows much about others may be learned, but he who understands himself is more intelligent. He who controls others may be more powerful, but he who has mastered himself is mightier still." Lao-Tse

 

The only quotes necessary for bears to read are the last 10 weeks of shortie's polls.

 

what happened to shortie now?

 

I think the quote in the opening post would be translated to trading world as

"The successful trader only enters a position on a perfect set-up, whereas he who is destined to lose first enters postion and afterwards looks for signs confirming he started a good trade."

 

Last I heard he was curled up in the corner in the fetal position rocking back and forth.

 

Confucius say: "Man with hole in pocket feel cocky all day".



Bulls are quite cocky but there are lots of holes out there. Just waiting to be exploited. Each day is one day closer.