Trading Maxims/Quotes

"Economic history is a never-ending series of episodes based on
falsehoods and lies, not truths. It represents the path to big
money. The object is to recognize that trend whose premise is
false, ride that trend, and step off before it is discredited."

-George Soros
 
"Goals and contingencies, as I've said are important. But they exist only in the past and the future, beyond the pale of the sensory realm. Practice, the path of mastery, exists only in the present. You see it, hear it, smell it, feel it. To love the plateau is to love the eternal now, to enjoy the inevitable spurts of progress and the fruits of accomplishment, then serenely to accept the new plateau that waits just beyond them. To love the plateau is to love what is most essential and enduring in your life."

George Leonard -- Mastery
 
"It never was my thinking that
made the big money for me. It always was my sitting.
My sitting tight! Men who can both be
right and sit tight are uncommon."

-Jesse Livermore
 
There is no use trying, said Alice; one can't believe impossible things. I dare say you haven't had much practice, said the Queen. When I was your age, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast.
~ Lewis Carroll ~
 
"...I learned early on that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that....The fact that I remember that way is my way of capitalizing experience."

Reminiscences of a Stock Operator
By Edwin LeFevre
 
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