Thought of the Day…

“Never forget that only dead fish swim with the stream.”

– Malcolm Muggeridge

Thought of the Day…

“The emerging picture from such studies is that ten thousand hours of practice is required to achieve the level of mastery associated with being a world-class expert—in anything. … In study after study, of composers, basketball players, fiction writers, ice skaters, concert pianists, chess players, master criminals, and what have you, this number comes up again and again. Of course, this doesn’t address why some people get more out of their practice sessions that others do. But no one has yet found a case in which true world-class expertise was accomplished in less time. It seems that it takes the brain this long to assimilate all that it needs to know to achieve true mastery.”
– Malcom Gladwell

Thought of the Day…

“Poker reveals to the frank observer something else of import—it will teach him about his own nature. Many bad players do not improve because the cannot bear self-knowledge”

– David Mamet

Thought of the Day…

“The key to trading success is emotional discipline.  Making money has nothing to do with intelligence.  To be a successful trader, you have to be able to admit mistakes.  People who are very bright don’t make very many mistakes.  Besides trading, there is probably no other profession where you have to admit when you’re wrong.  In trading, you can’t hide your failures.”

– Victor Sperandeo

Thought of the Day…

“Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, but preferable one that is also sick or lame. Only then, when there is no chance it can lose its prey, does it attack. That to me, is the epitome of professional trading.”

– Mark Weinstein

Thought of the Day…

“A pearl is a beautiful thing that is produced by an injured life. It is the tear [that results] from the injury of the oyster. The treasure of our being in this world is also produced by an injured life. If we had not been wounded, if we had not been injured, then we will not produce the pearl.”

– Stephan Hoeller

Thought of the Day…

“Every second you spend thinking about someone else’s dreams you take time away from your own.”

– Yogi Ramen

Thought of the Day…

“No amount of anxiety makes any difference to anything that is going to happen.”

– Alan Watts

Thought of the Day…

“The only way out is through.”

 

— Carl Jung