Traders Thought for the Day


rod178

Well-Known Member
"Thinking is easy, acting is difficult, and to put one's thoughts into action is the most difficult thing in the world."
- Johann Wolfgang von Goethe
 

rod178

Well-Known Member
"Heron stands in the blue estuary, Solitary, white, unmoving for hours. A fish! Quick avian darting; The prey captured.
People always ask how to follow Tao. It is as easy and natural as the heron standing in the water. The bird moves when it must; it does not move when stillness is appropriate.
The secret of its serenity is a type of vigilance, a contemplative state. The heron is not in mere dumbness or sleep. It knows a lucid stillness. It stands unmoving in the flow of the water. It gazes unperturbed and is aware. When Tao brings it something that it needs, it seizes the opportunity without hesitation or deliberation. Then it goes back to its quiescence without disturbing itself or its surroundings. Unless it found the right position in the water’s flow and remained patient, it would not have succeeded.
Actions in life can be reduced to two factors: positioning and timing. If we are not in the right place at the right time, we cannot possibly take advantage of what life has to offer us. Almost anything is appropriate if an action is in accord with the time and the place. But we must be vigilant and prepared. Even if the time and the place are right, we can still miss our chance if we do not notice the moment, if we act inadequately, or if we hamper ourselves with doubts and second thoughts. When life presents an opportunity, we must be ready to seize it without hesitation or inhibition. Position is useless without awareness. If we have both, we make no mistakes."
- 365 Tao: Daily Meditations, Deng Ming-Dao
 

rod178

Well-Known Member
"I'm more concerned about controlling the downside. Learn to take the losses. The most important thing about making money is not to let your losses get out of hand."
- Marty Schwartz.
 

rod178

Well-Known Member
"You cannot escape the responsibility of tomorrow by evading it today."
- Abraham Lincoln
 

pipbanger

Well-Known Member
Some of us think holding on makes us strong; but sometimes it is letting go.
— HERMANN HESSE

Good to remember for trading profitably. ;D
 

Pentat1936

Active Member
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”Warren Buffett
 

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