Favorite Trading Sayings / Quotes

[Tams 20]

I will start with a cliche...

 

The Trend is Your Friend

[Tams 20]

"It is not the strongest of the species that survives,

nor the most intelligent that survives.

It is the one that is the most adaptable to change."

- Charles Darwin.

[Gabe2004 10]

Markets can remain irrational longer than you can remain solvent.

John Maynard Keynes

[Tams 20]

Trading is a continuing course in Assessment

Edited October 26, 2009 by Tams

[electroniclocal 10]

To paraphrase, "Trading is 95% perspiration and only 5% inspiration."

 

It kind of goes with: "The harder I work, the luckier I get."

[Tams 20]

To paraphrase, "Trading is 95% perspiration and only 5% inspiration."

 

It kind of goes with: "The harder I work, the luckier I get."

 

 

I have also read...

 

95% of the work is before the order is entered.

 

 

 

edit: that means you can start dreaming as soon as you entered your order !

Edited November 4, 2009 by Tams

[Tams 20]

Most of the time the market will tell you what to do, all you have to do is know how to listen.

[brownsfan019 17]

I have also read...

 

95% of the work is before the order is entered.

 

I like that one. Never heard it before.

[DugDug 10]

Some obscure ones but very true

"its easy making money, the hard part is hanging onto it"

"Trading is simple its just not that easy"

"those who pick bottoms get smelly fingers"

 

the most expensive quote in the world

"this time its different"

 

lies, lies, lies,

"90% of options expire out of the money"

 

One I am sure every says.... "Doh"

[Tams 20]

[ame=http://www.youtube.com/watch?v=TM-G0bkl8MQ]YouTube - That don't make no sense[/ame]

[Kiwi 16]

.

Focusing on the outcome of a single trade as if its outcome mattered, and evaluating each as good or bad,

demonstrates lack of faith in your trading plan. Indulging yourself in such trivial judgments is at best

a distraction from your ultimate goal as a trader - and that is to get your trading into the long run.

 

TrendDynamics

[mea 10]

You have to learn the rules of the game, and then you have to play better than anyone else.

 

Albert Einstein

[mea 10]

A man should look for what is, and not for what he thinks should be.

 

Albert Einstein

 

Note, substitute the word man for trader

[mea 10]

Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction.

 

Albert Einstein

[mea 10]

Any man who reads too much and uses his own brain too little falls into lazy habits of thinking.

 

Albert Einstein

[mea 10]

I have no special talent. I am only passionately curious.

 

Albert Einstein

[mea 10]

If the facts don't fit the theory, change the facts.

 

Albert Einstein

[mea 10]

Information is not knowledge.

 

Albert Einstein

 

Note, information is what people find in forums. Knowledge comes from experience (screen time) and asking the correct questions needed to be answered.

[mea 10]

It should be possible to explain the laws of physics to a barmaid.

 

Albert Einstein

 

Note, substitute the word Laws for "rules" and the word physics for "trading".

 

Personal note, to me, the ironic nature of people trying to build a profitable trading system is the fact, they don't even know the "rules" of the trading game to start with. So, how can they expect to be profitable?

[mea 10]

It's not that I'm so smart, it's just that I stay with problems longer

 

Albert Einstein

[mea 10]

Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.

 

Albert Einstein

 

Personal note, as it pertains to trading, leave out the word "hope". A trader should know.

[mea 10]

Make everything as simple as possible, but not any simpler.

 

Albert Einstein

 

Note, translation for trading means, don't add what not required nor remove what's necessary.

 

Do you think Albert Einstein would use indicators such as MACD, VWAP, RSI, histogram or even volume..

[mea 10]

No problem can be solved from the same level of consciousness that created it.

 

Albert Einstein

 

Note, translation for trading. Take said problem to the "next level". Think outside the box. If what is written in trading books and seminars worked we would all be rich. Think, what type of system is Goldman Sachs utilizing to be profitable 89 out of 90 trading days.

[mea 10]

Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.

 

Albert Einstein

 

Personal note, even if someone devotes all of themselves to trading, it does not guarantee mastery of trading, unless that person knows the "rules" of trading first. Then, gets answers to the correct questions that needs to be answered thereafter.

[mea 10]

Pure mathematics is, in its way, the poetry of logical ideas.

 

Albert Einstein

 

Person note, This is what Goldman Sachs utilizes.