Trading Maxims/Quotes

quote

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.


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Cesko

They ain't tellin' if/when they have/find one anyway. That would negate the system. I'd be surprised if some organizations don't have solid systems (which constantly change and adapt).
:)

Mike
 
"Man is a thinking reed but his great works are done when he is not calculating and thinking. "childlikeness" must be restored with long years of training in the art of self-forgetfulness. When this is attained, man thinks yet he does not think. He thinks like the showers coming down from the sky, he thinks like the waves rolling on the ocean; he thinks like the stars illuminating the nightly heavens; he thinks like the green foilage shooting forth in a relaxing springbreeze. Indeed, he is the showres, the ocean, the stars, the foilage." D. T. Suzuki --- Foward from Zen in the Art of Archery
 
...Well, being wrong is the best chance to put a correct position on with your next trade... - Phantom of the Pits

The pain of standing aside and missing a good trade that your method told you to take is much worse than the pain of losing on a trade that you entered and exited properly and according to you trading plan. - unknown
 
"I know of a few millionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions....This is one of the few industries where you can still engineer a rags-to-riches story. Richard Dennis started out with only hundreds of dollars and ended up making hundreds of millions in less than two decades - that's quite motivating."

William Eckhardt (original partner of Richard Dennis)
 
the seriousness of ones intent can be measured by the casualness with which one dismisses the idea of failure..

mbt3
 
"Be quick. Don't hurry."

- John Wooden

(If you don't know who John Wooden is, I *strongly* suggest you find out! His "Pyramid of success" principles definitely applies to trading! and anything else you'll ever attempt in life...)
www.coachwooden.com
 
"Close out losing positions and hold profitable positions for as long as the trader determines that particular market trend continues to exist''---------------------Salem Abraham,trend trader[original quote includes ''portions of profitable positions'']:)
 
"The perfect swordsman takes no cognizance of the enemy's personality, no more than of his own. For he is an indifferent onlooker of the fatal drama of life and death in which he is the most active participant. In spite of it all the concern he has or ought to have, he is above himself, he transcends the dualistic comprehension of the situation, yet he is not a contemplative mystic, he is in the thickest of deadly combat." Suzuki
 
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