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"People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to...

"My sense of insecurity keeps me alert, always ready to correct my errors." George Soros

"Wanting to make money in the markets without accepting there will be losses is like waiting to breathe but only wishing to exhale." Ed Seykota

"Opportunities change, strategies change, but people and psychology do not change. If trend-following systems don’t work well, something else will. There’s always money being lost, so someone out there has to win. " Gil Blake

"A trading philosophy is something that cannot just be transferred from one person to another; it’s something that you have to acquire yourself through time and effort." Richard Driehaus

"The essential element is that the markets are ultimately based on human psychology, and by charting the markets you’re merely converting human psychology into graphic representations. I believe that the human mind is more powerful than any computer in analyzing the implications of these price...

http://www.tradingquotes.blogspot.com Blog on Trading Quotable Quotes from Market Wizards and other well known investors, traders or speculators. "Embedded In Trading Quotable Quotes Is Timeless Practical Wisdom."

"The markets are clearly not a random walk. The markets are not even efficient because that assumption implies you can’t make an above-average return. Since some people can do that, I disagree with the assumption." Monroe Trout

"Investing is simple, but not easy." Warren Buffett "If the losses don’t hurt, your financial survival is tenuous." William Eckhardt

"I have learned many things from him (George Soros), but perhaps the most significant is that it’s not whether you are right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong." Stanley Druckenmiller

"That enormous profits should have turned into still more colossal losses, that new theories should have been developed and later discredited, that unlimited optimism should have been succeeded by the deepest despair, are all in strict accord with age-old tradition." Benjamin Graham

Yes, the "Awesome Oscillator" can be found in the book by Bill Williams known as Trading Chaos. In his subsequent book, New Trading Dimensions, he added a filter known as the "Alligators" because I think his system is generating a lot of whipsaws in quiet and non-trending market. There is...

"The desire to maximise the number of winning trades (or minimise the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance." William Eckhardt

"It’s not what we don’t know that hurts us; it’s what we know for sure that just ain’t so." Mark Twain

"These evidently instinctive human tendencies spell doom for the trader – take your profits, but play with your losses." William Eckhardt

"Good Money Management alone isn’t going to increase your edge at all. If your system isn’t any good, you’re still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference...

"Trading Size is one aspect you don't want to optimize. The optimum comes just before the precipice." William Eckhardt

"To whatever degree you haven't accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully." Mark Douglas

"I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade." Richard Dennis

"I think it's generally a good idea that when you put on a trade, it should be so small that it seems almost a waste of your time. Always trade at a level that seems too small." Mark Ritchie