Favorite Trading Sayings / Quotes

[SIUYA 11]

didn't George Soros say when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig

 

I like the little piggies

[minoo 11]

I have coined some of my own during this Epic Yatra to learn & better my plays

Sorry guys, if they sound like advise, difficult to translate them into English language & maintain the same feel & rhyme. One can translate the Prose but not the Poetry or The Pun.

 

Know your Traderself well

 

Matter of Grey, better dealt within Natively

 

I am the most important and also the least efficient part of my Trading System.

Many pre-market preparation are done without self being first made part of one's own system

 

Day Trading is to Trade 'The Process' mindfully

(Objective is maintained when sticking to known Processes)

 

One can make money only with one own tailored System, this way you wont land up either sizing up to someone else's trading-plan nor trading against one's own-self.

 

To transform from a L-earner to earner, one only needs to loose the -L

 

Allow only learning to happen deeply, when you inevitably trade your own mistakes repeatedly and again; As by loosing in now (timely), though the path feels unnatural to adhere, yet one if survived will eventually earn for ever.

 

Have a cognitive plan before your trading plan, as Trading can be learned, But not Tought

 

Mind is such, if given the chance (ie hope, pray, hesitation) while trading is breaking its own rule

 

If one falls shy of self-talk, mind cannot listen to one-self, But often does so well in disgust

 

'Present Hind-Sight' is my Big-Picture

 

OM (nirvana) in Trading, is to Effortlessly keep an 'Open Mind'

 

Have Preferences but thou, Not keep any Biases; Shall Anticipate but not Predict; Shall Speculate but not Gamble or Act wise on ones own Vice

 

Successful Trading is Convoluted in all the C's

'Change, Continuation, Consolidation & Correction'

That too, in No particular Order!

 

Defined Rules cannot mind, The Mind; Yet they are self-imposed in name of Discipline

Guidelines are better to Frame a Mind & to Mould it by repetition

 

In trading one 'looks to see' and 'listens to hear'; The first part is mindfully and other effortlessly

 

Enjoy the journey

Minoo

[TheNegotiator 13]

"Cowards die many times before their deaths"

 

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."

[Mysticforex 13]

If you can keep your head when all about you

 

Are losing theirs and blaming it on you,

 

If you can trust yourself when all men doubt you,

 

But make allowance for their doubting too;

 

If you can wait and not be tired by waiting,

 

Or being lied about, don't deal in lies,

 

Or being hated, don't give way to hating,

 

And yet don't look too good, nor talk too wise:

 

If you can dream - and not make dreams your master;

 

If you can think - and not make thoughts your aim;

 

If you can meet with Triumph and Disaster

 

And treat those two impostors just the same;

 

If you can bear to hear the truth you've spoken

 

Twisted by knaves to make a trap for fools,

 

Or watch the things you gave your life to broken,

 

And stoop and build 'em up with wornout tools:

 

If you can make one heap of all your winnings

 

And risk it on one turn of pitch-and-toss,

 

And lose, and start again at your beginnings

 

And never breathe a word about your loss;

 

If you can force your heart and nerve and sinew

 

To serve your turn long after they are gone,

 

And so hold on when there is nothing in you

 

Except the Will which says to them: 'Hold on!'

 

If you can talk with crowds and keep your virtue,

 

Or walk with kings - nor lose the common touch,

 

If neither foes nor loving friends can hurt you,

 

If all men count with you, but none too much;

 

If you can fill the unforgiving minute

 

With sixty seconds' worth of distance run -

 

Yours is the Earth and everything that's in it,

 

And - which is more - you'll be a Man my son!

[Tams 20]

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There will always be Darwin Award winners in every endeavor.

 

 

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[SIUYA 11]

appropriate to trading...

 

" Courage is going from failure to failure without losing enthusiasm" - Sir Winston Churchill 1874-1965

[Tams 20]

appropriate to trading...

 

" Courage is going from failure to failure without losing enthusiasm" - Sir Winston Churchill 1874-1965

 

 

for traders, it is more appropriate to say...

 

"Courage is going from failure to failure even after losing your account."

[Tams 20]

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Strategy without tactics is the slowest route to victory.

Tactics without strategy is the noise before defeat.

- Sun Tzu

 

 

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[Tams 20]

A man can fail many times,

he is not a failure until he begins to blame somebody else.

 

-- John Burroughs

 

 

 

 

A trader can lose many times,

he is not a failure until he begins to blame the market.

Edited June 6, 2011 by Tams

[SIUYA 11]

one i had not heard till this morning and then the retort from someone else said it all...

"there are plenty of ships at the bottom of the ocean that had charts"

to which the reply was....

"learn to read a chart and you wont hit the f...n iceberg"

[Tams 20]

..........

 

 

trading is guessing. If it wasn't, you wouldn't need a stop loss.

 

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..........

[Tams 20]

..........

 

 

 

 

....my favorite line is "i get paid to wait"......

 

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..........

[MadMarketScientist 11]

For the more serious types, Warren Buffet: "Rule number one of investing is never lose money. Rule number two is never forget rule number 1"

 

But my all time favorite from Boiler Room: "They say money can’t buy happiness…Look at the FUCKING smile on my face! ear to ear baby"

 

MMS

[BlowFish 10]

For the more serious types, Warren Buffet: "Rule number one of investing is never lose money. Rule number two is never forget rule number 1"

 

MMS

 

Interesting. Perhaps another fundamental difference between trading and investing? If you approach trading with that in mind it will certainly end in tears.

[Ingot54 13]

For the more serious types, Warren Buffet:

"Rule number one of investing is never lose money.

Rule number two is never forget rule number 1"

 

MMS

 

... Says Buffet who made $2 billion profit on a $5.5 billion loan to Goldman Sachs!

 

News Headlines

 

A man of his word! Keeps to his rules!

 

If you’re going to panic, panic early.

[Ingot54 13]

October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February. ~ Mark Twain.

[Areebah 10]

Trading is a game of probabilities. You don’t have to be right every time. You just have to follow your rules.

 

 

Be aggressive in trending market and conservative in choppy market.

 

Take home runs when you can, but don’t beat yourself up about missing a few.

One trade should never make or break your account.

Vadym Graifer & Christopher Schumacher

[pbylina 10]

"The market is a whore. Its out to f*** as many people as it can. Thats its job." -Mike Walsh

[pbylina 10]

"Dictionary is the only place that success comes before work." - Vince Lombardi

[Tams 20]

"Buy when there's blood in the streets, even if the blood is your own."

-- Baron Nathan Mayer Rothschild.

[Tams 20]

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Be fearful when others are greedy, and be greedy when others are fearful.

 

 

 

 

 

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[Do Or Die 10]

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A witty saying proves nothing.

 

 

 

 

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[cash123 10]

Sell in May and walk away.

 

appropriate in 2011;)

[Do Or Die 10]

It is better to be quotable than to be honest.

[Tams 20]

when someone wants to see your PnL,

you know you are doing something right.