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"You should try to express your enthusiasm and ingenuity by doing research at night, not by overriding your system during the day. Overriding is something you should do only in unexpected circumstances - and then only with great forethought. If you find yourself overriding routinely, it's a sure...

"I think to be in the upper echelon of successful traders requires an innate skill, a gift. It's just like being a great violinist. But to be a competent trader and make money is a skill you can learn." Michael Marcus

"Be greedy when others are fearful." Warren Buffett "Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I am getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a...

"The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!" Linda Bradford Raschke

"It is not enough to simply have the insight to see something apart from the rest of the crowd, you also need to have the courage to act on it and to stay with it. It's very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you are doing...

"Good Trades Seldom go too far against us." Van K. Tharp

"The market will decide how much profit to give you. Only you can decide how much to limit your loss." Linda Bradford Raschke

"When you are in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading...

"When you are in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading...

"The markets are always changing, and they are always the same." Jack D. Schwager

"If a trader hasn't neutralized his susceptibility to give his winnings back to the market, then he is not what I define as a successful trader." Mark Douglas, Trading In The Zone

"All men can see those tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved." Sun-Tzu, The Art Of War

Anybody who is delving into the very important concept of the OPEN and the price action right after the opening bell should take a look at "Day Trading With Short Term Price Patterns and Opening Range Breakout" by Toby Crabel." It is one of my 10 Recommended Trading Books. Of course, it's better...

"If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money." Bill Lipschutz

"The markets are not random. I don't care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior...

Yes. Author Edwin Lefevre was a journalist who spent several weeks interviewing the great stock market speculator Jesse Livermore for the book, "Reminiscences Of A Stock Operator". It is a fictionalized account of Jesse Livermore's career as a trader, narrated in the first person using the...

"You learn to distinguish the good traders from the bad, the successful techniques from the unsuccessful, and the good habits from the faulty. You also learn to distinguish the lover from the fighter, the winners from the losers, the serious from the frivolous, the cerebral from the superficial...

"The best fertilizer is the farmer's shadow. This adage applies equally well to trading as it does to farming. Trading profits are cultivated in the rich soil of market discipline, strict money management and consistent adherance to a proven trading strategy." Howard Abell

"True Trading Mastery derives from understanding the relatively small role technical analytical factors play in the overall trading process and the inestimatably important role that correct market attitudes and beliefs exert in facilitating a consistently profitable result." Bob Koppel

"Take every gain without showing remorse about missed profits, because an eel may escape sooner than you think." Joseph de la Vega, 1688, in an early manual on trading Quoted from Street Smarts