Thought of the Day…

“…the more accomplished one becomes, the more circumspect one should be. The higher one’s skills, the more precarious one’s road. The most powerful followers of Tao are also among the most humble. By veiling their light until the proper moments, they escape the greatest danger of all: hubris.”

– Deng Ming-Dao

Thought of the Day…

“It is unproductive to think that the world has been unfair to you. Every tough stretch is an opportunity.”

– Charlie Munger

Thought of the Day…

“Success builds character. Failure reveals it.”

– Dave Checketts

Thought of the Day…

“Rich people don’t make big bets. Really rich-and smart-people don’t make big bets. First they are not out to “prove” anything, they are out to make more money, and second, they know that risk control is as important as the other two legs of speculation, selection and timing. That is all this business of … trading gets down to, selection, timing, and risk control.”

– Larry Williams

Thought of the Day…

“The thoughts you create and the actions you do have to be the same. Create good thoughts and bring them into action. Your actions will then be successful.”

– bkwsu.org

Thought of the Day…

“You are your choices.”

– Seneca

Thought of the Day…

“My strategy works well because it’s my strategy. I know the strengths and, more importantly, the weaknesses of what it is I do. It also works well because I allow it to work and stick with it even when it runs into difficult times. Nothing works well if you keep changing your approach. To be a master you must be a specialist, not a jack of all trades.”

– Mark Minervini

Thought of the Day…

“I feel my success comes from my love of the markets. I am not a casual trader. It is my life. I have a passion for trading. It is not merely a hobby or even a career choice for me. There is no question that this is what I am supposed to do with my life.”

– Ed Seykota

Thought of the Day…

“If you are not doing what you love, you are wasting your time.”

– Billy Joel