Thought of the Day…

Just like in trading:

” The strong point in poker is never to lose your temper, either with those you are playing with or, more particularly, with the cards. There is no sympathy in poker. Always keep cool. If you lose your head you will lose all your chips.”

– William J. Florence

Thought of the Day…

”The successful trader […] has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss might develop into a much bigger loss, and hope that his profit may become a bigger profit.”

– Jesse Livermore

Thought of the Day…

One of my absolute all time favorites:

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, nor for the get-rich-quick adventurer. They will die poor.”

– Jesse Livermore

Thought of the Day…

“Stay humble, stay grounded, stay focused… especially when you get lucky” ;-)

– Just a Thought

Thought fo the Day…

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.”

– Mark Twain

Thought of the Day…

“Success isn’t measured by money or power or social rank. Success is measured by your discipline & inner peace.”

– Mike Ditka

Thought of the Day…

“Trading is also highly addictive. When behavioral psychologists have compared the relative addictiveness of various reinforcement schedules, they found that intermittent reinforcement – positive and negative dispensed randomly (for example, the rat doesn’t know whether it will get pleasure or pain when it hits the bar) – is the most addictive alternative of all, more addictive than positive reinforcement only. Intermittent reinforcement describes the experience of the compulsive gambler as well as the future trader. The difference is that, just perhaps, the trader can make money.” However, as with most affective aspects of trading, its addictiveness constantly threatens ruin. Addictiveness is the reason why so many players who make fortunes leave the game broke.”

– William Eckhardt

Thought of the Day…

“I am here for a purpose and that purpose is to grow into a mountain, not to shrink to a grain of sand. Henceforth will I apply ALL my efforts to become the highest mountain of all and I will strain my potential until it cries for mercy.”

– Og Mandino

Thought of the Day…

… accountability comes with responsibility … as Lauryn Hill says in one of her songs, “Fantasy is what people want, but Reality is what they need.” > Keep it Real 😉

– Just a Thought