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Trading related one-liners
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Trading related one-liners

  #181 (permalink)
Elite Member
Massachusetts (USA)
 
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stephenszpak's Avatar
 
Posts: 778 since Jun 2009
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Not exactly a one-liner, but it can be edited.

Elements of good trading: The balance between confidence and humility is best
learned through extensive experience and mistakes. There should be a respect for
the person on the other side of the trade. Always ask yourself: Why does he want
to sell? What does he know that I don’t? Finally, you have to be intellectually
honest with yourself and others. In my judgment, all traders are seekers of truth.


From Market Wizards

-Michael Steinhardt

Or, to say it another way:

Consider the possibility that your opponents have better cards than you do.

-From:

How to Keep a Poker Face in a Game of Poker « Poker

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  #182 (permalink)
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Futures Experience: Beginner
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Favorite Futures: Stocks
 
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If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time. -Chinese proverb

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  #183 (permalink)
Elite Member
Massachusetts (USA)
 
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Favorite Futures: YM
 
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Posts: 778 since Jun 2009
Thanks: 144 given, 358 received


“Mortals always want something more- they wish for money, but what they're really after is to be carefree. Power when what they really want is control. Beauty when they want love. Sometimes they know it, sometimes they don't”

― Jackson Pearce, As You Wish

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  #184 (permalink)
Elite Member
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"A teacher is never a giver of truth he is a guide, a pointer to the truth that each student must find for himself. a good teacher is merely a catalyst" Bruce Lee.

In regards to trading mentors

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  #185 (permalink)
Trading Apprentice
Los Angeles, California/USA
 
Futures Experience: Advanced
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Favorite Futures: Oil
 
Posts: 2 since Jan 2013
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Expressions

Futures Edge on FIO
Discipline must always overcome emotion. Discipline is a Habit. Discipline leads to self-mastery and self esteem.

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  #186 (permalink)
Trading Apprentice
Pittsburgh PA
 
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Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
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greed is good-gecko

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  #187 (permalink)
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"With respect to trading -- no belief is worth more than your money is."

- FijiTrader

20,000,000
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  #188 (permalink)
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Louis Pasteur 1854, "chance only favors the prepared mind"

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #189 (permalink)
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True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information. --Winston Churchill

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  #190 (permalink)
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Success is not final, failure is not fatal: it is the courage to continue that counts.

Success consists of going from failure to failure without loss of enthusiasm.

--Winston Churchill

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