Trading Maxims/Quotes

"There is much to be learned from a rainstorm. When meeting with a sudden shower, you try not to get wet and run quickly along the road. But doing such things as passing along the eaves of houses you still get wet. When you are resolved from the beginning, you will not be perplexed, although you will still get a soaking...This understanding pertains to all things..."

Hagakure
 
"A good technician gets it right maybe 60% of the time. And a great technician, maybe 61% of the time."

Gary B. Smith
 
"Trade small. Sure, you're not going to get rich very fast. But that will take care of itself. What you want to do is have the luxury of getting poor very slowly."

Gary B. Smith
 
"The best traders aren't risk takers, but risk managers. The best traders are those who have no opinions whatsoever. They look for the trend and keep their bets small."

Jonathan Hoenig
 
"The real reason so few succeed in trading is because the traits required for success are almost exclusively psychological."

Gary (not B.) Smith
 
"Major stock market moves are not about a change in the underlying fundamentals, they are about changes in sentiment."

Terry Bedford
 
"Know the rule and let the exception go. An exception will reinforce bad trading habits, especially if you make money."

Ken Wolff
 
"Our true strength at Cramer Berkowitz was that we did not care about what the market did. It was irrelevant. We never relied on the market to make us money."

Jim Cramer
 
"The point of this whole exercise is to make money. Everything else is just conversation."

Jonathan Hoenig
 
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