Favorite Trading Sayings / Quotes

[mea 10]

The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest number of hypotheses or axioms.

 

Albert Einstein

[mea 10]

The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.

 

Albert Einstein

[mea 10]

The only real valuable thing is intuition.

 

Albert Einstein

 

Note, in trading, intuition is past experience of the same occurrence. DO NOT fight it, just manage the position with the least amount of monetary risk possible. Which is the first question to be answered when developing a trading system.

Edited December 12, 2009 by mea
Incomplete Sentence

[mea 10]

The only source of knowledge is experience.

 

Albert Einstein

[mea 10]

The true sign of intelligence is not knowledge but imagination.

 

Albert Einstein

[mea 10]

To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.

 

Albert Einstein

[mea 10]

When the solution is simple, God is answering.

 

Albert Einstein

[clmacdougall 11]

"It's what you don't know, that'll hurt you!"

[Tams 20]

"It's what you don't know, that'll hurt you!"

 

 

yes indeed.

 

 

may I extend it to...

 

It's what you don't know you don't know, that'll hurt you!

[ektrader 10]

"First you'll hate it. Then you'll debate it. But eventually you'll recognize it as truth!"

 

Happy Trading

 

Ektrader

[clmacdougall 11]

"Ignorance is bliss, as long as you're not about to make a trade."

[clmacdougall 11]

"trading is business shoved into a short lifespan. It's 6 months shoved into 24 hrs. It's life without having to wait 50 yrs. To see if you can make it."

[diablo272 10]

Can anyone help me remember a certain quote, I don't remember who said it, but it was something like, "If you want to become enlightened, spend your life sitting in a cave. Or trade the S&P for a few years." Anyone familiar with that one?

[clmacdougall 11]

Success in this game depends on skill and research, not size of your capital. Too much money can handicap you to successful trading.

[clmacdougall 11]

Winners plan, losers merely hope.

[clmacdougall 11]

Have courage and intelligence to admit when you lose.

[clmacdougall 11]

The traders who are most likely to fail are the ones who enter the market unprepared – emotionally, psychologically and technically.

[clmacdougall 11]

Two entities rule the market, fear and greed. They pass the scepter of control back and forth everyday and that's how we make money. Trading in the volatility they produce.

[clmacdougall 11]

Don't tell anyone what you know or what you believe concerning a commodity. Once you do you upset your equilibrium. By repeating too often what you think, you create ego and find it hard to change when you are wrong, leading to large losses.

[clmacdougall 11]

A gambler is always looking for a big win, a magic thrill. A method player concerns himself with percentages and the ultimate results of prolonged sequences.

[clmacdougall 11]

First be sure you really want to trade.

[clmacdougall 11]

You can't win without an edge, if you don't know what your edge is, you don't have one. To have an edge you must have a method.

[clmacdougall 11]

In trading, whenever there is effort, force, straining, struggling or trying, it's wrong. You're out of sync with the harmony of the market. The perfect trade is the one which requires no effort.

[clmacdougall 11]

Don't talk about your position.

[Tams 20]

Crisis is Opportunity

 

 

just don't make yourself other's opportunity