The Best Trading Proverbs

Be patient with winning trades; be enormously impatient with losing trades.

Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large. 18. The market is the sum total of the wisdom ... and the ignorance...of all

 

KISS

 

Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

 

To trade successfully, think like a fundamentalist; trade like a technician.


It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade

 

"We are what we repeatedly do. Excellence, then, is not an act, but a habit." Aristotle

 

“It ain’t what you don’t know that gets you into trouble.It’s what you know for certain that just ain’t true.”
-Mark Twain

 

No amount of sophistication is going to allay the fact that all of your knowledge is about the past and all your decisions are about the future.



– Ian Wilson (former GE executive)

 

"When the time is right the price is right", however, when the price is right, time may not be!
-Old Wall St. saying

 

You lose money listening to others ...

 

Your edge is like your refrigerator. Don't teach your dog how to open it!