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Trading related one-liners
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Trading related one-liners

  #161 (permalink)
Fortitudo et Honor
Austin, TX
 
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"A trader afraid of losses is like a surgeon who faints at the sight of blood."

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #162 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
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Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 701 received

"you can't win with scared money"

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #163 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
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"When the shoe shine boy tells you to buy, you know it's time to sell." (a reference/paraphrase to the famous story about Rockefeller getting advice from his shoe shine boy to buy RCA. Rockefeller sensed that the market was obviously overbought).

An interesting story is that a friend of mine was in a bar/club and he was in the restroom taking a piss. While he was relieving himself, he was listening to the bathroom attendant and some drunk idiot talk about how much money could be made in the housing market buying condos and selling them before they were even complete. He promptly cleared out of his 3 real estate properties and avoided the burst. He said he remembered the story about the shoe shine boy.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #164 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
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Posts: 882 since Mar 2011
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An amateur asks "how much can I make?" A professional asks "how much can I lose?"

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #165 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
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Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 701 received

Futures Edge on FIO

Which products do you trade?

 
The market is always going up or down, except when it isn't.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #166 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 882 since Mar 2011
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You've not seen your largest drawdown

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #167 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 701 received

"Amateur traders go broke taking large losses. Professional traders go broke taking small profits."

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #168 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Beginner
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bijeremiad's Avatar
 
Posts: 410 since Jul 2011
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The four most dangerous words in investing are "This time it's different." --John Templeton

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  #169 (permalink)
Elite Member
Massachusetts (USA)
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM
 
stephenszpak's Avatar
 
Posts: 778 since Jun 2009
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The comment below is not from a trader, and it also contradicts
what I wrote in 2010, which was:

Price is the only truth in the market, anything else is a lie.
=============================================

"It's the value that matters, not the price."

- Graham Vick (Director, Birmingham Opera Company)

One definition of 'value' is 'the monetary worth of something'.
We've been talking about price action so long, I don't think
the term value action would ever catch on (ha!).

- Stephen

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  #170 (permalink)
Membership Revoked
British Columbia
 
Futures Experience: Advanced
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Posts: 1,091 since May 2010
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Once a market maker, always a market maker.

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