Thought of the Day…

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

Thought of the Day…

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.”

– Nelson Mandela

Thought of the Day…

“The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can’t do is give (people) the confidence to stick to those rules even when things are going bad.”

– Richard Dennis, on Turtle Trading

Thought of the Day…

“I encourage you to find your inner demons & worst weaknesses, fess up to them, and then take action to correct them — no matter how crazy it seems. In trading and in life.”

– Don Miller

Thought of the Day…

“Don’t judge each day by the harvest you reap but by the seeds that you plant.”

– Robert Louis Stevenson

Thought of the Day…

“The difference between the impossible and the possible lies in a man’s determination.”

– Tommy Lasorda

Thought of the Day…

“The ability to change one’s mind is probably a key characteristic of successful traders. Dogmatic and rigid personalities rarely succeed in markets. The markets are a dynamic process and sustained trading success requires the ability to modify and even change strategies as markets evolve. Successful traders have the ability to adapt to the changing dynamics of the market and in the process maintain their consistency of performance.”

– Gill Blake

Thought of the Day…

“When you’re a beautiful person on the inside, there is nothing in the world that can change that about you”

– Sasha Azevedo

Thought of the Day…

“Trading is very simple; either you make money or you don’t make money. I wasn’t depending on anyone else. When you work for someone else, if you make money somebody gives you a bonus and if you lose money, somebody else pays your salary. When I was working for myself, it was the ultimate meritocracy, I was worth exactly what I made, no more, no less.”

– David Kyte