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Trading related one-liners
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Created: by Big Mike Attachments:9

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Trading related one-liners

  #41 (permalink)
Market Wizard
Boca Raton
 
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mattz's Avatar
 
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Why Does it take 2 minutes to get stopped and an hour to hit a profit?

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #42 (permalink)
Just starting out...
New Jersey
 
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Do something that you love and you'll never work a day in your life

Confucius

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  #43 (permalink)
Market Wizard
Philly, Pa
 
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"To make great sums of money, you must first learn how to lose much smaller sums when wrong." Paul Tudor Jones

...also anything uttered by Bernard Baruch, Livermore (Jesse not Lawrence), Einstein ( Albert not Bob), and Twain (Mark not Shania).

Favorite Proverb...approximate translation from the Hungarian original

"You can only re-heat the stuffed cabbage so many times, before it falls apart"

in other words, You can only go to the well so many times, before you run out of water.

...no wonder Soros and Birinyi are so rich!


Last edited by tigertrader; October 10th, 2010 at 03:51 PM.
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  #44 (permalink)
Elite Member
St. Petersburg, Fl
 
Futures Experience: Intermediate
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One liners

"Trading is a game of adjustments."

Keep things as simple as possible, but no simplier. Albert Einstein
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  #45 (permalink)
Membership Temporarily Revoked
United Kingdom
 
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The markets are up and down like a tarts knickers

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  #46 (permalink)
Just starting out...
Italy
 
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Elephants get mighty big eating peanuts.

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  #47 (permalink)
Elite Member
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My Money Management saying...

"You can't go broke with a PROFIT."

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #48 (permalink)
Site Administrator
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rtrade View Post
"You can't go broke with a PROFIT."

This is not the best thread to discuss this so I don't want to get , but... I used the say the same thing (can't go broke taking profits). However, I've stopped saying that because I realized it was inaccurate. You can, indeed, go broke taking profits, and in fact --- this is how most people DO go broke, in my opinion. I believe if you try to identify the biggest problems traders face, at the very top of the list would be "taking profits too soon" (basically meaning their profits are smaller than their losses).

It's death by a thousand cuts.

Mike

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  #49 (permalink)
Elite Member
Massachusetts (USA)
 
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Posts: 778 since Jun 2009
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I understand your point Mike, however that was definitely
a trading related one-liner.

If no one has said it yet here's one everybody knows:

"Let your winners run and cut your losers off."

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  #50 (permalink)
Elite Member
Atlanta, Georgia
 
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"If you don't know how to read price action, then indicators won't help you."

Forgot where I saw this, but it stuck in my head when I read it.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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