Trading Maxims/Quotes

[candletrader]

Sun Tzu advises that when traveling over difficult ground, watch for a surprise attack.

Sun Tzu
The Art of War

The best trading analogy is to avoid trading the mid-day doldrums when market makers can take advantage of the low volume to knock out unwary traders

 

[candletrader]

Sun Tzu said that ground which is of equal value to either side is contentious ground. Therefore, attack not.

Sun Tzu
The Art of War

A good trading analogy is when scalping a Nasdaq stock... if you see GSCO heavily bidding and another heavyweight consistently and strongly offering, there is a tug of war going on... stay out of the way

 

[murray t turtle]

Partner,CPA,Robert Katz [Katz and Asher LTD],writer,put it in writing ''choose a point at which you will sell................................................[write mine in trading notebook]

 

[murray t turtle]

READ this specialist...............................Specialist,writer,Justin Mamis ''institutions tend to dump stock in a single transaction''.......................................Stock Traders Almanac by Yale Hirsch [pull the trigger the same way ,on written stop]

 

[Commisso]

"Embrace risk; for it is oppurtunity"
--- me

 

[Commisso]

"Those who think they know, dont
and those who know they dont know, do"

Lao Tzu --- Tao Te Ching

 

[steet010203]

great year 2002.

 

[charliehm]

"He that cannot abide a bid market deserves not a good one"
(English proverb, unattributed)

 

[murray t turtle]

The question was-Turn on a dime, when you think you are wrong?.....................................You better be able to do that.This is not a perfect game.Most traders make money in the 50 to 55% range.....................................Jack Schwager-Steve A Cohen inhterview.

 

[lescor]

From Todd Harrison:

"Respect price action, but don't defer to it"
"Discipline trumps conviction"