Traders often forget that "Trading is hard work. The greatest part of it is in the preparation. Trading is 85-percent grunt time and 15-percent fun time."
Joe Ross
Joe Ross
Trading Maxims/Quotes
- Thread starter Commisso
- Start date
"We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."
http://www.futuresmag.com/futuresclassroom/phantom/phantom.html
http://www.futuresmag.com/futuresclassroom/phantom/phantom.html
Reviving this thread...
One of the funny things about the stock market is that every time one man buys, another sells, and both think they are astute.
- William Feather
Do not argue with the market, for it is like the weather: though not always kind, it is always right.
- Kenneth E. Walden
Nothing tells in the long run like a good judgment, and no sound judgment can remain with the man whose mind is disturbed by the mercurial changes of the stock exchange. It places him under an influence akin to intoxication. What is not, he sees, and what he sees, is not.
- Andrew Carnegie
"When animals -- and almost all normal people -- face a physical threat, their bodies go rigid. From a physiological standpoint it's not efficient, but it's the general rule. Ploar bears are the exception. They can lie in wait, perfectly relaxed, for two hours without once releasing the heightened readiness of their muscles."
~Peter Hoeg, Smilla's Sense of Snow~
~Peter Hoeg, Smilla's Sense of Snow~
"My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen
Funny quotes showing the "new economy" fairy tale was an old story used at least twice. Sorry I don't have the original english version but the translated version in french magazines but it's no problem with babelfish automatic translation see at the end 
"De nombreuses vieilles règles classiques de l'analyse économique ne s'appliquent plus à la nouvelle économie; au fil des ans, les états unis ont élaboré et appris leurs propres règles nouvelles" - Le Time du 31 Décembre 1958
"L'imaginatif Wall Street est depuis longtemps convaincu que nous sommes entrées dans une ère financière où tous les précédents ne sont d'aucune utilité et que non seulement les marchés se réfèrent à de nouveaux principes économiques, mais encore que le jugement qui se fonde sur l'expérience est certain d'aller à l'erreur. [...] Les anciens critères sont en premier lieu futiles, et en second lieu enfantin." - L'Editorial du New York Times le 20 Octobre 1929 cité dans un article récent (2001) du Nouvel Economiste
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Translation with http://babelfish.altavista.com/babelfish/tr
"many old women
D) traditional rules of the economic analysis do not apply any more to the new economy; with the passing of years, the United States worked out and learned their own new rules "- Time from 31 Décembre 1958
"imaginativep ) Wall Street is for a long time convinced that we entered one financial era where all the precedents are not of any utility and which not only the markets refer to new economic principles, but still that the judgement which is based on the experiment is certain of going to the error [... ] the old criteria are initially futile, and in the second place childish." - the Leading article of the New York Times on October 20, 1929 city in a recent article (2001) of the New Economist
"De nombreuses vieilles règles classiques de l'analyse économique ne s'appliquent plus à la nouvelle économie; au fil des ans, les états unis ont élaboré et appris leurs propres règles nouvelles" - Le Time du 31 Décembre 1958
"L'imaginatif Wall Street est depuis longtemps convaincu que nous sommes entrées dans une ère financière où tous les précédents ne sont d'aucune utilité et que non seulement les marchés se réfèrent à de nouveaux principes économiques, mais encore que le jugement qui se fonde sur l'expérience est certain d'aller à l'erreur. [...] Les anciens critères sont en premier lieu futiles, et en second lieu enfantin." - L'Editorial du New York Times le 20 Octobre 1929 cité dans un article récent (2001) du Nouvel Economiste
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Translation with http://babelfish.altavista.com/babelfish/tr
"many old women
D) traditional rules of the economic analysis do not apply any more to the new economy; with the passing of years, the United States worked out and learned their own new rules "- Time from 31 Décembre 1958 "imaginative
p ) Wall Street is for a long time convinced that we entered one financial era where all the precedents are not of any utility and which not only the markets refer to new economic principles, but still that the judgement which is based on the experiment is certain of going to the error [... ] the old criteria are initially futile, and in the second place childish." - the Leading article of the New York Times on October 20, 1929 city in a recent article (2001) of the New Economist