what is ur philosophical quote in regards to investing?

Just trading family money, trying to make enough to keep wifey in booze and shoes.

 

I often hear "if I had more money I could make more money (and risk less)" and I for one find it true; is it an excuse?

 

don't invest it's for suckers - trading is the way to make real money - committed to nothing.

 

"Put all your eggs into one basket and then watch that basket."
- Andrew Carnegie

"The great successes of life are made by concentration."
- Ben Graham

 

that is worth remembering!!

 

WHICH ONE? https://en.wikipedia.org/wiki/Eddie_Perez

 

In life and business, there are two cardinal sins. The first is to act precipitously without thought and the second is to not act at all.
-Icahn

never put off until tomorrow what you can do today

...there is nothing new in Wall Street. There can’t be because speculation is as old as the hills.
- J. Livermore

 

Don't believe everything you see to be real.

 

INVESTING :
Uptrend, you buy.
Downtrend, you do averaging or you hope.

TRADING :
Uptrend, you buy.
Downtrend, you sell.

 

here's mine I came up with I ask myself every week:

"is this play :

A.dumb
B.stupid
C.absurd "


"what do I not know, that I need to know before making this play"


"how could this go very badly, even though it doesn't seem so"


"did you think and write this out before making this play"


"what are you going to do if this drop 20% next minute"


"...... how much margin do you have left"


"markets up today, DAMN"
"markets down today, I'm GOING SHOPPING"
( confessions of a put seller )


"ok so people are buying, it's up today.. I sell calls, ok market is down today, I sell puts"

"DO THE OPPOSITE OF EVERYONE, PEOPLE PANIC YOU GET VERY EXCITED"