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Trading related one-liners
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Trading related one-liners

  #81 (permalink)
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In general I would say no to the first, yes to #2 and #3. I go through and take the ones I like from here every now and then and add them to the front page, but the thread still has its purpose stand-alone, so just keep 'em coming.

Mike

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  #82 (permalink)
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Graffiti in the CBOT men's room circa 1990: "If you're not worried, you're not trading big enough."

"You don't need a weatherman to know which way the wind blows..."
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  #83 (permalink)
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Favorite Quotes from the always quotable... TMFT

Missed money is better than lost money.

Being flat IS a position.

If you can't tell what the market is doing ... don't do anything.

If what you do is working ... keep doing it.

Price is gonna do whatever price is gonna do ... no matter how many indicators you have on your chart.

No matter how much work you put into developing your system, if it takes you 5 minutes to make a decision and you are trading on 3 minute bars, you probably won't be successful.

If you can't make money paper trading, you can't make money live trading.

Just because you can make money paper trading , doesn't mean you can make money live trading.

How hard can it be... the market only moves 3 ways... up , down, or sideways.

If you can't make money trading 1 contract ... how is trading a 100 contracts going to help.

Listen to other traders, regardless if they know less than you.. even a blind hog finds an acorn occasionally.

Line from Woody Allen Movie...

I'm a financial adviser, I advise people how to invest their money until there is none left.

Not a one liner ... but I laugh every time I read this. I framed it and hung it in my office.

Andrew Lahde, founder of Lahde Capital Management, a hedge fund that earned 870% in 2007 by shorting the type of mortgage backed toxic instruments that have left large institutions at the Fed's doorstep tin cup in hand announced his exit in October and thanked those who allowed his success: "The low hanging fruit, i.e., idiots whose parents paid for prep school, Yale, and then the Harvard MBA, were there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns, and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God Bless America!"

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #84 (permalink)
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My favorite:

"At least I have my health".....as spoken by numerous floor traders after a bad day.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #85 (permalink)
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Play big boys' games, take big boy's chances.

"You don't need a weatherman to know which way the wind blows..."
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  #86 (permalink)
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All quotes below are taken from the book Market Wizards. This chapter is
an interview with fund manager Larry Hite.

Larry Hite

Respecting Risk

__________________________________________________________________

I don't trade for excitement; I trade to win.
__________________________________________________________________

Risk is a no-fooling-around game; it does not allow for mistakes. If you do not
manage the risk, eventually they will carry you out.
__________________________________________________________________

If you don't take a hard look at risk, it will take you.

__________________________________________________________________

Keeping your risk small and constant is absolutely critical.

__________________________________________________________________

I was once interviewed by a reporter from the London Times, who asked me what I
thought about the future direction of the London cocoa market. I told him, "Frankly,
I don't see markets; I see risks, rewards, and money."

__________________________________________________________________


No matter what information you have, no matter what you are doing, you can be wrong.
I have a friend who has amassed a fortune in excess of $100 million. He taught me two
basic lessons. First, if you never bet your lifestyle, from a trading standpoint, nothing bad
will ever happen to you. Second, if you know what the worst possible outcome is, it gives
you tremendous freedom. The truth is that, while you can't quantify reward, you can quantify risk.

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  #87 (permalink)
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My losses would have been larger ... but luckily I ran out of money...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #88 (permalink)
Membership Revoked
 
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It can't go any lower.

Is one of the most heard lines before a margin call.

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  #89 (permalink)
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MetalTrade View Post
It can't go any lower.

Is one of the most heard lines before a margin call.

"I'm not worried, I mean come on... how low can it go"

I was actually asked that by an Enron investor right before their stock stopped trading.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #90 (permalink)
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Something which has been applied to many aspects of my life and continues to be beneficial, the 7 P's.

Proper prior planning prevents piss poor performance.

And something holds weight almost everywhere:

KISS: Keep it stupid simple (not the other way around )

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