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Trading related one-liners


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Trading related one-liners

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

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  #42 (permalink)
Taciente
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)
 
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 tigertrader 
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!

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  #44 (permalink)
 
ollie's Avatar
 ollie 
St. Petersburg, Fl
 
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"Trading is a game of adjustments."

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #45 (permalink)
 Bids 
United Kingdom
 
Posts: 23 since Sep 2010

The markets are up and down like a tarts knickers

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  #46 (permalink)
adorati
Italy
 
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Elephants get mighty big eating peanuts.

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  #47 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
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"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)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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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)
 
stephenszpak's Avatar
 stephenszpak 
Massachusetts (USA)
 
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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)
 
cbritton's Avatar
 cbritton 
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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