Trading Maxims/Quotes

Discussion in 'Psychology' started by Commisso, Jan 1, 2002.

  1. action


    The greater the expectation traders have about something happening the less tolerance they have for dissapointment.

    When you are in a trade constantly ask yourself if anything "has to happen" Remember there is a big difference in perspective between "what is happening" and something the "has to happen"

    We have to be willing to face the truth about ourselves so we can confront the truth outside ourselves.

    No one likes to acknowledge what we perceive to be our weaknesses. Yet it is exactly what we need to do to grow beyond them. Otherwise we keep building our lives on this illusion that requires so much energy, alcohol, or drugs to maintain that it eventually has to crumble, leading to a very painful forced awareness.
    ............................................ Marc Douglas "Disipline Trader"

    Expectations "the great grace killer" Charles Swindol
    #21     Jan 2, 2002
  2. aldrums


    Trading is not about winning and losing. Trading is about taking more Reward than Risk from the market in the long run.

    #22     Jan 2, 2002
  3. aldrums


    "Experienced traders control risk, inexperienced traders chase gains."

    -Alan Farley
    #23     Jan 2, 2002
  4. Refuse to heed anyone's advice - unless that person is willing to give you satisfactory evidence of the soundness of his or her counsel. You will save yourself from hucksters, the misguided, and fools. -Napoleon Hill

    The businessman who is able to calculate his risks - and then is willing to take them - has his battle for success nine-tenths won. The remaining one-tenth is the unknown variable, the unpredictable factor that puts the zest and excitement into the game. Without that "x" factor, business would be hopelessly dull, routine and uninteresting. -J. Paul Getty
    #24     Jan 2, 2002
  5. shyhh


    'Anything truly interesting in business - or life - is a gamble. The trick is not to think you are going to win all the time. What makes a winner is winning more times than losing. There are times of caution, of hedging your bets, but those whose whole life is based on caution never, in my experience, come out on top.'

    - Al Casey

    'While enthusiasm may be necessary for great accomplishment elsewhere, in Wall Street, it almost invariably leads to disaster'

    - Benjamin Graham

    'The securities industry, is not a service industry. It is a manufacturing industry. If you want a stock, Wall Street will make it for you. Any business, any kind you want.... But remember, there can be too much of even the best things'

    - Ralph Wanger
    #25     Jan 2, 2002
  6. "The market can remain irrational longer than you can remain solvent"
    - John Maynard Keynes
    #26     Jan 2, 2002
  7. Commisso

    Commisso Guest

    "Money is the most important thing in the world. It represents health, strength, honor, generosity, and beauty as conspicuously as the want of it represents illness, weakness, disgrace, meanness, and ugliness." --- George Bernard Shaw

    "The use of money is all the advantage there is in having money." --- Benjamin Franklin
    #27     Jan 2, 2002
  8. T/A_Bo


    "Before deciding that question I had grasped the significance of the silence of the dog, for one true inference invariably suggests others."

    -Sherlock Holmes --- The Silver Blaze

    My trading is governed more by what is missing from the price action then what is there for all to see, so I sum it up this way...

    "The dog that did not bark often howls the loudest"


    "That which should go up...SHOULD GO UP!!"

    -Bo Yoder

    -Bo :)
    #28     Jan 2, 2002
  9. Commisso

    Commisso Guest

    "Trends tend to persist ...... until they dont. And thats why god made stops" --- Frank Gretz
    #29     Jan 2, 2002
  10. Commisso

    Commisso Guest

    "The truth knocks on the door and you say, go away. 'I'm looking for the truth.' And so it goes away" ---- Robert M. Pirsig, Zen in the art of motorcycle maintenance
    #30     Jan 2, 2002