Thought of the Day…

“As traders, we cannot afford the luxury of wishing and hoping because it puts us in a passive relationship with the markets. When we wish and hope, we are shifting responsibility on to the markets for making something happen instead of confronting the conditions and doing something about it ourselves. If we find ourselves wishing and hoping, it is an excellent indication that we don’t know what is going on and as a result need to get out of the markets until we do.”

– Mark Douglas

3 thoughts on “Thought of the Day…

  1. The perfect quote for todays market.

    I’ve seen a lot of traders using the word “HOPE” this week and we shouldn’t rely on hope for anything in our financial dealings, but instead an we all should hold a strong understanding of how the market work’s. Understanding market dynamics will get us a lot further than hope will.

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