The Best Trading Proverbs

"I don't make mistakes. I make blunders".
-Prince Alwaleed bin Talal

 

and he is arrested by his relatives for corruption!

 

Actually this is fallacious.....as systematic trader Keith Fitschen has proven that COUNTER-TREND trading is best for day trading.

 

Get focused fast.-Ed Rensi

 

"The market is not the place for the average person to be playing around with derivatives".
-Carl Icahn 2/6/18

 

How does he prove it?

 

"What me worry?'
Alfred E. Newman

 

Baloney.
This guy would not be bankrupt if he had bought VIX puts (or did call credit spreads) instead of going long in XIV.
https://www.marketwatch.com/story/x...rs-of-work-and-other-peoples-money-2018-02-06

 

"The markets move in both directions... and they work very well".
-Steve Mnuchin 2/6/18

 

Yeah, but NO ONE was saying that 6 weeks ago....
hindsight is always 20-20.