quote all bears need to read.
- Thread starter OTCkrak
- Start date
How bout....
"More people lost more money after the 1987 crash, waiting for a repeat of the 1929 crash, than is pleasant to contemplate"
Niederhoffer "Education of a Speculator" p 214
"More people lost more money after the 1987 crash, waiting for a repeat of the 1929 crash, than is pleasant to contemplate"
Niederhoffer "Education of a Speculator" p 214
I do not think i managed to reach p 214 or 215................the book was in the trash can by then.............. 
Here is a better Chinese Philosopher:
"He who knows much about others may be learned, but he who understands himself is more intelligent. He who controls others may be more powerful, but he who has mastered himself is mightier still." Lao-Tse
Here is a better Chinese Philosopher:
"He who knows much about others may be learned, but he who understands himself is more intelligent. He who controls others may be more powerful, but he who has mastered himself is mightier still." Lao-Tse
Quote from nazzdack:
He's overrated, overquoted and would have been a lousy trader.
I think the quote in the opening post would be translated to trading world as
"The successful trader only enters a position on a perfect set-up, whereas he who is destined to lose first enters postion and afterwards looks for signs confirming he started a good trade."
Confucius say: "Man with hole in pocket feel cocky all day".
Bulls are quite cocky but there are lots of holes out there. Just waiting to be exploited. Each day is one day closer.
Bulls are quite cocky but there are lots of holes out there. Just waiting to be exploited. Each day is one day closer.