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Trading related one-liners
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Trading related one-liners

  #131 (permalink)
Elite Member
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That's another example where my Marine training came into play.
They teach you never to freeze when you are under attack. One
of the tactics in the Marine Corps officer's manual is either go forward
or backward. Don't just sit there if you are getting the hell beat out
of you. Even retreating is offensive, because you are still doing
something. It is the same thing in the market.

Marty Schwartz (from the book, Market Wizards)

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  #132 (permalink)
trading my rent money
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The successful trader has to fight two deep-seated natural impulses:

Instead of hoping he must fear; instead of fearing, he must hope.

He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

- Jesse Livermore, "Reminiscences of a Stock Operator" (1923)

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  #133 (permalink)
Trading for Fun
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live to trade another day.

futures.io (formerly BMT) forum.

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  #134 (permalink)
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Steve Jobs quotes:

“Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me.”


“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”

“When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.

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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  #135 (permalink)
Site Administrator
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@liquidcci, I like your signature:

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Is this your own quote?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #136 (permalink)
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Big Mike View Post
@liquidcci, I like your signature:

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Is this your own quote?

Mike

Hey Mike. Thanks. Yes is my own quote. Little bit of a play off "Cool Hand Luke" "Got your mind right Luke"

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #137 (permalink)
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Secret to a long trading career

Want to know the secret to a long trading career: Admitting that you are wrong is more important than being right!

SD

nosce te ipsum

You make your own opportunities in life.

Last edited by Silver Dragon; October 31st, 2011 at 11:54 PM.
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  #138 (permalink)
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Trading makes you be at your absolute best. Anything less, and you won't be successful.

- Big Mike

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  #139 (permalink)
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stephenszpak View Post
Trading makes you be at your absolute best. Anything less, and you won't be successful.

- Big Mike

LOL, I thought that sounded familiar

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #140 (permalink)
Elite Member
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Favorite Futures: ES
 
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These are related to statistics.


Quoting 
But lo! men have become the tools of their tools.

Thoreau, Henry David

Walden
Economy


Quoting 
...the statistical prediction of the future from the past cannot be generally valid, because whatever is future to any given past, is in turn past for some future. That is, whoever continually revises his judgment of the probability of a statistical generalization by its successively observed verifications and failures, cannot fail to make more successful predictions than if he should disregard the past in his anticipation of the future. This might be called the "Principle of statistical accumulation".

Lewis, Clarence Irving

Mind and the World-Order
Chapter XI (p. 386)


Quoting 
...statistical techniques are tools of thought, and not substitutes for thought.

Kaplan, Abraham

The Conduct of Inquiry
Chapter VI, Section 29 (p. 257)


Quoting 
By applying the statistical method we cannot foretell the behavior of an individual in a crowd. We can only foretell the chance, the probability, that it will behave in some particular manner.

Einstein, Albert

The Evolution of Physics
Quanta (p. 299)


Quoting 
There are those who are so impressed by the notion that 'quantification' is the only form of scientific knowledge, that they see no danger in the distorted, misleading, or simply ineffective picture that a statistical description of events may give. To such people the statistical picture is always to be preferred as the most meaningful and objective. It is indeed because this view is so widespread, that an argument stated in statistical terms has such a powerful influence in policy decision, and induces everyone to try to impress their case on public attention by peppering it with statistics.

Devons, Ely

Essays in Economics
Chapter 6 (p. 106)


Quoting 
Some of the common ways of producing a false statistical argument are to quote figures without their context, omitting the cautions as to their incompleteness, or to apply them to a group of phenomena quite different to that to which they in reality relate; to take these estimates referring to only part of a group as complete; to enumerate the events favorable to an argument, omitting the other side; and to argue hastily from effect to cause, this last error being the one most often fathered on to statistics. For all these elementary mistakes in logic, statistics is held responsible.

Bowley, Arthur L.

Elements of Statistics
Part I, Chapter I (p. 13)


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