Trading Maxims/Quotes

The markets does not like to accomdate, they do the obivious
in an unobivios way.

 

Give me a stock clerk with a goal and I will give you a man who will make history.....................J C {James Cash} Penny , Thru Yale Hirsch Stock Traders Almanac

 

We must learn to differentiate clearly the fundamentally important, that which is really basic, from that which is dispensable, and to turn aside from everything else, from the multitude of things which clutter up the mind and divert it from the essential.
-Albert Einstein

One of my goals has been to be able to trust my own judgement better than any of the gurus and authors and I think I'm making progress toward that end. I hope that doesn't sound boastful. I think it should be the goal of every trader.
-Me

Some would rather treat trading as an academic practice than a money making one

Plans of the diligent lead to profit
as surely as haste leads to poverty.
-Proverbs 21:5

Pride goes before destruction,
a haughty spirit before a fall.
-Proverbs 16:18

 

" He that maketh haste to be rich considereth not that poverty shall come upon him" --Prov 28:22

 

"You can't eat like a bird and shit like an elaphant"

 

"When the ducks start quakin FEED them"

"When the circus comes to town, you best go out and sell some peanuts"

 

you don't sell them peanuts when the people are asking for them,...well, when the circus leaves, you know what is the only job available in town.... hehe

Josh

 

This one does not have anything really to do with trading, but does have everything to do with these boards...

"Never argue with a fool, someone from a distance may not be able to tell who's who" -- JAY-Z, but I think I also read it in The Hagakure

 

"Walk a mile in someone's shoes before you criticize them ... that way you are a mile away when you criticize them and you have their shoes" --- bob and tom radio show

 

Jack Schwagers top traders quote,the paperwork he dedicated to his kind mother........................Atlanta GA,top trader,admits he likes Jim Cramer[Cramer-Berkowitz hedge fund]-Michael Masters................................Michael Masters-''Write down what you have learned.................exit a trade within a predefined length of time ,the time stop is triggered''........................Personal, try, war or no war,try to stay in the game..............My favorite time stops;as much time as possible on the right side of moving averages. Also use top traders stop-5, 15,30,60 minutes,2,5days.........................{written stop number in notebook]