Trading Maxims/Quotes
- Thread starter Commisso
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"How would you advise people to approach technical trading?'' {answer}Well you can start by reading a good basic book.......................................[2]--but really have to study price action FIRSTHAND.''Mark Etzkorn-Tom DeMark interview,photo shows firsthand study of uptrend ,moniter..........[3]Active Trader Mag noted [11/2001]he helped Steve Cohen.[Takes more than one person to get to third base,especially three days in a row.
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]"The way a young man spends his evenings is part of that thin area between sucess and failure'' Robert R.Young-------------------------------------------------------Stock Traders Almanac,interesting name
''If you go against the trend,slippage goes your way-it works in your favor''Tom DeMark.Active Trader Mag,11/2001---------------------------------------------[We don't need to agree on everything,I prefer the post it note posted by Paul Tudor Jones the top trader,duck hunter----------''-Losers average losers''
220 +year chart of''America's stock market''nice bull uptrend[1781-2000] Securities Research Company-William O'Neil[2]Probably not a case for mindlessly buy and hold ;because most don't live 220 years. [3]includes 20,and 25 years approximately flat as as a board,severe downtrends..........
Quote ''The lazy man roasteth not that which he took in hunting but the diligent[industrious] man[person] reaps a rich harvest'' Solomon, top trader,sportsman,commander in chief,writer..............[Interesting thats part of the Paul Tudor Jones pattern,source Jack Schwager
''Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly................''Bernard Baruch, wall street king,advisor to presidents,helped people by lots of trigger pulling on quail, [game meat especially healthy,not much fat ] . Was a writer also.
Since the largest trading organizations - with all their resources, dedication, and access to the smartest mathematical minds in the world - haven't found a reliable trading system, it stands to reason one simply does not exist. Or if one does, you probably won't be the one to discover it.