Traders Thought for the Day

FTMO Trader Scouting
"Whenever you find yourself on the side of the majority, it is time to pause and reflect."
 
"The unhappiest people in this world, are those who care the most about what other people think."
- C. JoyBell C.
 
“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
 
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.
 
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
 
"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.
 
"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
 
"Out of clutter, find Simplicity. From discord, find Harmony. In the middle of difficulty lies Opportunity."
- Albert Einstein
 
"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.
 
“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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