Traders Thought for the Day

rod178

Well-Known Member
"Whenever you find yourself on the side of the majority, it is time to pause and reflect."
 

rod178

Well-Known Member
"The unhappiest people in this world, are those who care the most about what other people think."
- C. JoyBell C.
 

rod178

Well-Known Member
“In many ways the technical analyst is like a hunter tracking game, understanding that investors leave footprints, and those footprints are visible through the price patterns, volume flows, and other data presented in the charts.”
- Jeff deGraaf
 

rod178

Well-Known Member
Jack said:
These have been some great quotes of late Rod, thanks! :)
Jack

No problem, I always endeavor to keep them short and relevant, as well as quote the source if available.
 

garry

the art of war
The biggest secret that traders don’t want the world to know is that anyone with a more or less sane disposition can do what they’re doing. The trick is getting access to the trough, to the P&L, to the “book.” The road toward it is tough, treacherous and crowded. On the way there, you will be misled into believing that in order to be a trader you must have a physics PhD, or know how to write code and build models, or have a top-school MBA, or, when all else fails, just be a young Caucasian male. But in the end, it doesn’t matter who made it to the top. In the end, it all comes down to merely placing a bet.”
Katya G. Cohen, The American Spellbound
 

rod178

Well-Known Member
"Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical."
- Larry Hite.
 

rod178

Well-Known Member
"He who would learn to fly one day must first learn to stand and walk and run and climb and dance; one cannot fly into flying."
- Friedrich Nietzsche
 

rod178

Well-Known Member
"Out of clutter, find Simplicity. From discord, find Harmony. In the middle of difficulty lies Opportunity."
- Albert Einstein
 

rod178

Well-Known Member
"I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have"
- Paul Tudor Jones.
 

rod178

Well-Known Member
“When I want to understand what is happening today or try to decide what will happen tomorrow, I look back. A page of history is worth a volume of logic.”
– Oliver Wendell Holmes
 
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