Thought of the Day…

“The victory of success is half won when one gains the habit of setting goals and achieving them. Even the most tedious chore will become endurable as you parade through each day convinced that every task, no matter how menial or boring, brings you closer to fulfilling your dreams.”

– Og Mandino

Thought of the Day…

“I am grateful for all of my problems. After each one was overcome, I became stronger and more able to meet those that were still to come. I grew in all my difficulties.”

– James Cash Penney

Thought of the Day…

You have to decide what your highest priorities are and have the courage—pleasantly, smilingly, non-apologetically, to say “no” to other things. And the way you do that is by having a bigger “yes” burning inside. The enemy of the “best” is often the “good”.

– Stephen Covey

Thought of the Day…

“Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it. Losers try to build a stool with only one leg, or two at the most.”

– Alexander Elder

Thought of the Day…

“What this power is I cannot say; all I know is that it exists and it becomes available only when a man is in that state of mind in which he knows exactly what he wants and is fully determined not to quit until he finds it.”

– Alexander Graham Bell

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…

“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…

“Accepting others unconditionally allows them to remove their masks and feel at ease with who they are. The security of being accepted gives them the freedom to be themselves and then lets them easily know and accept themselves too.”

– bkwsu.org

Thought of the Day…

“I don’t think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.”

– Richard Dennis