The Best Trading Proverbs

Trading under-capitalized is like going into a knife fight with a banana.

Better to have traded and lost than never to have traded at all.

If you are a beginner and you blow up your account, you just paid the price of admission for the first time. Now you can either get more money and try again, or quit forever; and don't let the door hit you on the way out!

You need an actual edge, and effective risk management, to succeed in trading. You also
need years of struggle and losses to figure this out in a way tailored to your own needs and personality. Even then, you might not figure it out.

Indicators and oscillators are not edges by themselves.
 
dealmaker said:
"IPO= it's probably over priced"
- Ken Fisher
More...
LOL-amazing accurate acrostic!!!,!!!!
CAN SLIM [M=market direction ]IBD money manager$ sell on price jumping outside the channel$ +decreasing volume also .I like the sell on decreasing volume occasionally = better than selling out of channels. So many top trender$ stay out side the channel, for many months
 
All traders have winning periods. And, all traders have losing periods.
The real challenge is to exploit the winning periods and limit the damage
during the losing periods. An even greater challenge is to keep your head
and emotions in check during both types of periods. It is vital for traders
to find a place and state of calm and peace within themselves if they
plan to trade for a long pull. Peter Brandt
 
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