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Archive for the ‘’11 Thought of the Day’ Category

Thought of the Day…

In '11 Thought of the Day on February 28, 2012 at 6:54 am

“When I want to understand what is happening today or try to decide what will happen tomorrow, I look back. A page of history is worth a volume of logic.”

- Oliver Wendell Holmes

Thought of the Day…

In '11 Thought of the Day on December 30, 2011 at 6:50 am

“It is important on a daily basis, to be a good trader, to be able to switch off. If you’re struggling on the floor, the other traders will zero-in. They don’t do it intentionally, just subconsciously. You just think they are trading against you because you’re going through a bad time. You also need to switch off to give your mind a rest. I think that makes for a better trader. Even the Bothams (Babe Ruth) and Richards (Joe Di Maggio) didn’t play or think about cricket (baseball) all the time.”

- David Kyte

Thought of the Day…

In '11 Thought of the Day on December 29, 2011 at 6:40 am

“I don’t come to work to earn a living, I come to make money and enjoy myself.”

- David Kyte

Thought of the Day…

In '11 Thought of the Day on December 28, 2011 at 6:48 am

… Trading is a marathon, not a sprint. Perhaps Americas Cup Skipper Dennis Conner captured this characteristic best: “My goal in sailing isn’t to be brilliant or flashy in individual races, just to be consistent over the long run.” Skilled traders understand that results are a function of not simply a few great trades but rather a lifetime of good trades…

- Fari Hamzei

Thought of the Day…

In '11 Thought of the Day on December 27, 2011 at 6:56 am

“I’m an expert on losing. I’ve lost more than most people. I would say I get more disheartened, more pissed off with myself if I lose than I am happy if I make. I believe I should make money, and you get annoyed at yourself if you let your disciplines go.”

- David Kyte

Thought of the Day…

In '11 Thought of the Day on December 26, 2011 at 7:06 am

“And yes, you should lose, and I know I can lose and should lose, it’s just a question of quantity. If you lose more than you should have done, that’s when you get into trouble. It’s a lack of discipline in sticking to what you decided you were going to do that causes difficulties. A lot of traders don’t focus on their targets and fail to block out emotions like hope,  fear and greed.”

- David Kyte

Thought of the Day…

In '11 Thought of the Day on December 23, 2011 at 6:50 am

“Speed of mind is everything and having the ability to stick with your decision.”

- David Kyte

 

Thought of the Day…

In '11 Thought of the Day on December 22, 2011 at 6:47 am

” Instead of being afraid of situations, consider them to be your teacher and learn a lesson from them.”

- bkwsu.org

Thought of the Day…

In '11 Thought of the Day on December 21, 2011 at 6:59 am

“There are more opportunities today than there have ever been, but- and this is the biggest bit- if people don’t recognize them, can’t exploit them, don’t have the capacity, the education, the confidence and the self belief, then it don’t  matter how many opportunities there are.”

- Tom Hunter

Thought of the Day…

In '11 Thought of the Day on December 20, 2011 at 6:44 am

One of the hardest things for traders to learn:

  • I used to try to will things to happen. My attitude was that I figured it out, therefore it can’t be wrong. What is the ultimate rationalization of an investor in a losing position? “I’ll get out when I’m even.” I became a winner when I was able to say, “To hell with my ego, making money is more important.”

- Marty Schwartz

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