The Best Trading Proverbs

[murray t turtle]

Its a bit general, but still good+ funny. When some one mentions..... the advance decline line, it usually means they did not do their homework. LOL Paraphrase of William O Neil, founder of IBD , not a prediction.

 

[dealmaker]

"The first man gets the oyster, the second the shell."
- Andrew Cranegie

 

[dealmaker]

"Only constant is the impermanence."
- Howard Marks

 

[dealmaker]

"If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that solutions are in your mind and not in the market. Consistency is a state of mind." - Mark Douglas

 

[dealmaker]

"A man with a watch knows what time it is. A man with two watches is never sure."
- Segal's law

 

[murray t turtle]

The lottery is a stupid tax on people that cannot do math-Dave Ramsey

 

[dealmaker]

"Always is always changing"
-Dana Telsey

 

[comagnum]

“The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.” - Ed Seykota

 

[mushinseeker]

Jack Schwager: How were you able to make consistent gains trading options?
John Bender:To make money in options, you don't need to know what the price of a stock is going to be; all you need to know is the probability distribution. If the Almighty came to me and said,"I won't tell you where IBM is going to be 1 month from now, but you've been a pretty good boy, so I will give you the probability distribution", I could do the math....
Interview with John Bender of Amber Fund /Soros Fund Management
& Quantum Fund from the book "Market Wizards" by Jack Schwager.

 

[dealmaker]

"A safe investment is an investment whose dangers are not at that moment apparent"
- Lord Bauer