The worst thing a trader can have is an "attitude."
Donald R. Katz
"The Boys in the Pits"
Esquire, January, 1981, p. 38
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The best thing a trader can have is discipline.
Donald R. Katz
"The Boys in the Pits"
Esquire, January, 1981, p. 38
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It's economic warfare, but it's good warfare. It's damn good warfare.
Anonymous trader
quoted in Esquire, January, 1981, p. 39
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My life is trading and trading is my life. It brings you closer to your psyche than anything else I know. Nowhere else is winning so close to losing and losing so close to winning.
Marc Steindl
Futures, July, 1996, p. 82
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I have never, ever been in the futures market myself; I don't have the skill for it.
P. M. Johnson, departing chairman
Commodity Futures Trading Commission
The Wall Street Journal, April 29, 1983
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Make 10 points on a million trades - not a million points on 10 trades.
William Greenspan, futures trader
Futures, January, 1995, p. 38
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I am older now. I have more than I had hoped for but I wish that I had started long before I did.
Crosby, Stills and Nash
"Wasted on the Way"
1982
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You can get as fancy as you want with your option strategies, but in this business, there's no substitute for being right. There's never been a guarantee for incremental returns.
Gene Brody, Oppenheimer Capital
Risk, June. 1995, p. 22
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It goes to show that when you are confused, it is best to do nothing.
George Soros
Futures, October, 1995, p. 72
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Any day that you're not belly-up is a good day in this business.
Mark Ritchie
God in the Pits: Confessions of a Commodities Trader, 1990, p. 1
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A career where success would never be determined politically, but only by the results produced on the bottom line of the account balance sheet.
Mark Ritchie
God in the Pits: Confessions of a Commodities Trader, 1990, p. 172
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Josh