Trading related one-liners - Traders Hideout | futures.io
futures io futures trading


Trading related one-liners
Started: by Big Mike Views / Replies:63,270 / 358
Last Reply: Attachments:9

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 9  
 
Thread Tools Search this Thread
 

Trading related one-liners

  #101 (permalink)
Elite Member
Massachusetts (USA)
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM
 
stephenszpak's Avatar
 
Posts: 778 since Jun 2009
Thanks: 144 given, 358 received

A fool learns from his own mistakes. A wise man learns from the mistakes of others.

Or more simply:

Let the other guy make mistakes and learn.

Reply With Quote
The following user says Thank You to stephenszpak for this post:
 
  #102 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: Ninjatrader, TT, InvestorRT
Broker/Data: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Favorite Futures: Treasury futures
 
Posts: 280 since Nov 2010
Thanks: 173 given, 795 received

I first heard this one from a broker and trader in the CBOT bond pit who later became Bruce Kovner's head fixed income trader:

"Eat like a bird, shit like an elephant."

Obviously, this is not advice, it is something to be avoided, but it does describe a reality for many traders. It has always been true for me.

"You don't need a weatherman to know which way the wind blows..."

Last edited by jstnbrg; February 7th, 2011 at 12:58 AM. Reason: It wasn't Bob Laser and I can't remember the guy's name.
Reply With Quote
 
  #103 (permalink)
Elite Member
Massachusetts (USA)
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM
 
stephenszpak's Avatar
 
Posts: 778 since Jun 2009
Thanks: 144 given, 358 received



jstnbrg View Post
I first heard this one from Bob Laser, at the time a broker and trader in the CBOT bond pit and later Bruce Kovner's head fixed income trader:

"Eat like a bird, shit like an elephant."

Obviously, this is not advice, it is something to be avoided, but it does describe a reality for many traders. It has always been true for me.

This has at least a couple meanings. I guess you're saying to not take small profits and not take large losses????

Reply With Quote
 
  #104 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: Ninjatrader, TT, InvestorRT
Broker/Data: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Favorite Futures: Treasury futures
 
Posts: 280 since Nov 2010
Thanks: 173 given, 795 received


stephenszpak View Post
This has at least a couple meanings. I guess you're saying to not take small profits and not take large losses????

No, it's just a rueful expression that accurately depicts life in the pits. You have a ton of small profitable trades or days and a few awful ones. It's not advice, it's more like swearing.

"You don't need a weatherman to know which way the wind blows..."
Reply With Quote
The following user says Thank You to jstnbrg for this post:
 
  #105 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,811 received
Forum Reputation: Legendary

Futures Edge on FIO

What value do you place on the webinars on FIO?

 
Better trades down the road.

Reply With Quote
 
  #106 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: Ninjatrader, TT, InvestorRT
Broker/Data: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Favorite Futures: Treasury futures
 
Posts: 280 since Nov 2010
Thanks: 173 given, 795 received

"The market goes to the orders."

This comes from the pits. It means that large resting orders have a tendency to be filled.

"You don't need a weatherman to know which way the wind blows..."
Reply With Quote
The following 2 users say Thank You to jstnbrg for this post:
 
  #107 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 594 received

Backtesting is a myth, it's forward testing what we need to do

Reply With Quote
The following 4 users say Thank You to MetalTrade for this post:
 
  #108 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: none
Favorite Futures: Stocks
 
Ryanb's Avatar
 
Posts: 196 since Sep 2010
Thanks: 117 given, 352 received

Insanity: doing the same thing over and over again and expecting different results. -Albert Einstein

Reply With Quote
The following 2 users say Thank You to Ryanb for this post:
 
  #109 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

Money talks and bullshit walks

Reply With Quote
 
  #110 (permalink)
Elite Member
Massachusetts (USA)
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM
 
stephenszpak's Avatar
 
Posts: 778 since Jun 2009
Thanks: 144 given, 358 received


I Don't Sell--People Buy from Me

(one of the chapter titles from the book)
The Battle for Investment Survival
by G.M. Loeb

Reply With Quote

Reply



futures io > > > Trading related one-liners

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Songs related to trading vvhg Off-Topic 66 January 24th, 2012 06:27 PM
Trading Related Books for sale Trader.Jon Off-Topic 0 February 21st, 2011 07:50 AM
Why do executions appear to be diff related to bars after NT restart DabaDave Traders Hideout 2 June 15th, 2010 02:26 PM


All times are GMT -4. The time now is 05:41 AM.

no new posts
Page generated 2017-03-29 in 0.11 seconds with 20 queries on phoenix via your IP 54.145.148.103