What's your favorite trading quote of all time?

Actual quote from a trader in the in a futures pit in the late 1980's

He was in the process of furiously bidding up a contract in which he was already substantially long. A relatively new trader went over to sell him a ten-lot on his most recent elevated bid and the the pro turned to him and said " Son, I'm just bidding, I'm not buying!"
 
Quote from neospecialist:

Actual quote from a trader in the in a futures pit in the late 1980's

He was in the process of furiously bidding up a contract in which he was already substantially long. A relatively new trader went over to sell him a ten-lot on his most recent elevated bid and the the pro turned to him and said " Son, I'm just bidding, I'm not buying!"
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LOL.
 
Quote from Nattdog:

"Everyone gets what they want out of the market."

This must have been dreamed up after reading one to many 70's pop psychology books. Completely bogus and easily refuted.
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Heh ... sorry you don't get it. I've been trading professionally, full time, for 13 years now, and it's WITHOUT QUESTION the truest thing about the markets I know.

So I look forward to your easy refutation.
 
Complete bogus new age psychobable.

If you can't think of anyone that "didn't get what they wanted" out of the markets, you are not looking at reality. Sorry.

One of the ways cultists and would be mystics of all kinds lure the neive into their web is with these apparent paradoxes that are supposedly true... but only the "enlightened" can see the wisdom... The paradox creates curiousity and an element of mystery, that seekers seek to "unwrap"

typical mind f*ck propogated by those who want others to genuflect to their "insight."

Very useful skill for those who wish to form cults, be they religious in nature or those based on 70's new age self improvement seminars costing thousands of dollars.

Sorry, just not looking for that here.
 
Well, that's all nice, but none of it is a refutation, at all.

I can point to many failed and failing traders who are getting exactly what they want. That can be entertainment, being a big shooter with a volatile p/l or the biggest position in the pit/room, or being able to say that they play the "big boy" stocks, or whatever. It comes in a million flavors.

Basically, the only people who make money in the markets are the ones who really want it. And a LOT of traders don't.

So, maybe you don't like it, but you haven't refuted it.
 
basis, two ways to view this... first you have do agree on definitions.. this is a vague statement, hardly scientific in that it is not 100% clear what the author is talking about... It has a mystical quality designed to make people curious about the wisdom of the person who said it... very calculated.. My guess is, the author wants followers to be mystified by him, he does not want to be clear and relate to people as equals..

ok but regardless.. I guess everyone you know has had their retirement plan meet their objectives.. You never met anyone who carefully picked mutual funds, then, ended up picking a portfolio of stinkers... You never new anyone who happened to graduate from school, just as the market for the skills they are selling employers falls through the floor.

A key failure of this statement is that it does not take into account randomness. It does not take into account that many try in almost any elite or difficult field, but the majority by nessesity fail. not all can be a pop star, but alot are out there, doing the clubs, auditions, etc.. and u know most will never get what they want.

Gee, its funny, but i know plenty of such people... I know alot of successful people too, people who truely do and are living the way they want and "getting what they want" out of the markets and other things, but that is not the majority.

If you are looking for some type of logical airtight refutation of the statement... I suggest you consult a text on logic... It is impossible to refute an arbitrary claim. Only well defined statements, a proper hypothesis, can be refuted with logic and observation..

Now, I believe that I can refute the claim simply by knowing many who have seen their retirement plan underperform their wishes..
Names that, well, would mean nothing to you... but my guess is, u can think of such individuals as well, your own personal examples..

If u think that is somehow not adequate.. well, then your pet statement is arbitrary, has no specific meaning, and cant be refuted. it is a mystical stament, it served its purpose well, and continues to do so.
 
"everyone gets what they want out of the market"

is this ed seykota??


this would make more sense:

"no one gets what they want out of the market"


surfer:D
 
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