"If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." Paul Tudor Jones
"Sometimes you need to get away from the screens and listen to the music. The market will be there when you return." Todd Harrison
BTW, this is a great thread on dealing with high pressure situations, there was a quote from a baseball pitcher in the early 80's, I can't remember who, but I'll look it up.... (not exact quotes, but close) a reporter asking the pitcher of a great world series performance how he was able to be so cool and calm in the face of such pressure. He replied that he thinks about the black ice theory (I think that's what it's called, I'll check for sure) in which scientists say about 5 billion years from now the sun will die and the Earth will be a black chunk of ice. When that happens, who's gonna give a damn about my pitching then? Cheers
"Si Hoc Legere Scis Nimium Eruditonis Habes " Translation "If you can read this you are overeducated"
You can't eat like a bird and sh*t like an elephant. Old Wall Street Maxim apologies if already posted, only read 75% of thread
New quote thru Jack Schwager..........''Just because a trading system makes money in the stock market doesnt mean it's a good system''Tech nical Analysis of Stocks&Commodities magazine,bonus issue,2002.......................[trading improve article]
Top trader Mark Cook asks question ''how long have you been trading ? If someone tells me three years ,that impresses me because it tells me they've with stood the test of time-even if they haven't been sucessful..................If new traders can live the first six months to a year , they have hope of suceeding.''............Mark Cook-Active Trader mag [8/2001] interview ,saying what impresses top trader Mark Cook.............
From Ken Wolfe in Realmoney.com today The hardest part of playing the stock market is the daily dose of regret. We regret not only the stupid trades we have made, but also the good ones we wish we had made.