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Trading related one-liners

  #111 (permalink)
 neilzep 
us
 
Posts: 44 since Dec 2010

always have some Gas-x available when daytrading...alot of sitting involved.

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Can you help answer these questions
from other members on NexusFi?
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NinjaTrader
 
  #112 (permalink)
TriggerShy
BC, Canada
 
Posts: 81 since Feb 2011
Thanks Given: 117
Thanks Received: 126

As I recently stated in my journal, I read somewhere (can't remember in which book) that:

"A trader who gets upset at losses is like a surgeon who faints at the sight of blood."




So everyday I remind myself that losses are just an operational cost of this business --maybe one day this will sink in to my unconscious thoughts.

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  #113 (permalink)
 
vvhg's Avatar
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
Trading: FDAX, CL
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Nec spe, nec metu.
(Neither hope nor fear.) I think it sums up quite a lot of the psychological side of trading. Hence my signature.

Hic Rhodos, hic salta.
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  #114 (permalink)
 
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 Ryanb 
Netherlands
 
Experience: Advanced
Platform: none
Trading: Stocks
Posts: 195 since Sep 2010
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Kill or be killed

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  #115 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010

The moment you want to quit, the market shows you a real winner. One you didn't take.

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  #116 (permalink)
 
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 JEHs 
Minneapolis, Minnesota, United States
 
Experience: Intermediate
Trading: MNQ, QQQ
Posts: 271 since Aug 2010
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I didn't fail the test, I just found 100 ways to do it wrong.
Benjamin Franklin



You can get help from teachers, but you are going to have to learn a lot by yourself, sitting alone in a room.
Dr. Seuss
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  #117 (permalink)
 
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 JEHs 
Minneapolis, Minnesota, United States
 
Experience: Intermediate
Trading: MNQ, QQQ
Posts: 271 since Aug 2010
Thanks Given: 312
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Fear defeats more people than any other one thing in the world.
Ralph Waldo Emerson



You can get help from teachers, but you are going to have to learn a lot by yourself, sitting alone in a room.
Dr. Seuss
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  #118 (permalink)
 
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 stephenszpak 
Massachusetts (USA)
 
Experience: None
Platform: NinjaTrader
Trading: YM
Posts: 750 since Jun 2009
Thanks Given: 144
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This is already up:

" After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting "

Which is much like:

Don't just do something. Stand there.

That is, don't cut your winners short, because you're going to
need them to pay for your losers. (Of course some traders do just
fine setting profit targets.)

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  #119 (permalink)
 
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 Ryanb 
Netherlands
 
Experience: Advanced
Platform: none
Trading: Stocks
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"The secret is that there is no secret"

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  #120 (permalink)
 
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 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
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A wise trader once told me going against the trend is like trying swim upstream in a fast moving river... its kinda pointless.

SD

nosce te ipsum

You make your own opportunities in life.
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