Thought of the Day…

“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…

“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…

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

– David Kyte

Thought of the Day…

… 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…

“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…

“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…

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

– David Kyte

 

Thought of the Day…

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

– bkwsu.org

Thought of the Day…

“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