Thought of the Day…

“Our greatest fear should not be of failure but of succeeding at things in life that don’t really matter.”

– Francis Chan

Thought of the Day…

“Since so much of the Japanese candle terminology is grounded on military terminology, we will look at stops in this context as well. Each trade you make is a battle –and you will have to do what even the greatest generals have to do: Make temporary, tactical retreats. A general’s goal is to preserve troops and munitions. Yours is to save capital and equanimity. Sometimes you must lose a few battles to win the war. The Japanese have a saying. “A hook’s well lost to catch a salmon”. If you are stopped out think of it as you would a lost hook. Maybe you will catch your prize with the next hook.”

– Steve Nison

Thought of the Day…

“Knowledge is knowing that a tomato is a fruit, wisdom is not putting it in a fruit salad.”

– Miles Kington

Thought of the Day…

“Pros  care very much about who is in the markets and why markets are moving. The principles provide a framework for making sense of market behavior, which then can be used to filter the setups provided by charts, cycles, and the like. The really good traders understand markets; they don’t just predict them.”

– Brett Steenbarger

Thought of the Day…

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality — but reality as distorted by a misconception. Under normal conditions misconceptions are self-correcting, and the markets tend toward some kind of equilibrium. Occasionally, a misconception is reinforced by a trend prevailing in reality, and that is when a boom-bust process gets under way. Eventually the gap between reality and its false interpretation becomes unsustainable, and the bubble bursts.”

– George Soros

Thought of the Day…

“Life is about balance. Be kind, but don’t let people abuse you. Trust, but don’t be deceived. Be content, but never stop improving yourself.”

– Zig Zigler

Thought of the Day…

“The world is a stage and we are all actors. Each actor plays a unique part and is responsible for their own actions. Responsibility means doing the right thing no matter how big or small the task may be. Each one of us has a special role to play in the making the world a better place.”

– bkwsu.org

Thought of the Day…

“Don’t worry about the world coming to an end today. It’s already tomorrow in Australia.”

– Charles M. Schulz

Thought of the Day…

“The greatest truths are the simplest, and so are the greatest men.”

– Julius Charles Hare