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Trading related one-liners

  #241 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346

There are four elements to become great at anything:
  1. Acquiring domain knowledge
  2. Motivation or sustained energy
  3. Critical feedback
  4. Purposeful practice (what we call simulation)
Most training is heavy on domain knowledge and lacks daily mentoring and the structure and tools to purposely practice. This is insufficient.

--Mike Bellafiore

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  #242 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
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"I only want to hear complaints about food that's sent back to the kitchen. I only learn from the complaints."

--Gordon Ramsay

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  #243 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416


"I would say we are, generally, elephant hunters. We’re not buying something at 100 because we think it’s worth 120 and then trading out of it. We’re looking for very large profits." -- Bill Ackman

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  #244 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346

When people are free to do as they please, they usually imitate each other. --Eric Hoffer

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  #245 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
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Thanks Received: 27,102

I don't have a problem with caffeine, I have a problem without caffeine.

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  #246 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
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Fat Tails View Post
I don't have a problem with caffeine, I have a problem without caffeine.

It definitely helps!

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #247 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346

Experience teaches only the teachable. --Aldous Huxley

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  #248 (permalink)
nourozi
New Zealand
 
Posts: 92 since Jun 2013
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Don't make your stop-loss a loss target

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  #249 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346

Consider how hard it is to change yourself and you'll understand what little chance you have in trying to change others. --Benjamin Franklin

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  #250 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346


If you can't bear to take a small loss, you will never give yourself an opportunity to be around when a big winning idea comes along... --Price Headley

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