TODAYS Quate

You don’t have to be a rocket scientist to be a trader. In fact, some of the best traders whom I
knew down on the floor were surf bums. Formal education didn’t really seem to have much to do with a person’s skill as a trader. – Linda Bradford Raschke

Todays Quate

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn- Jesse Livermore

Todays sentence

In many cyclical industries when the upturn comes the big bang comes in relatively poorer quality stocks. – Devina Mehra

Todays sentence

Individuals who cannot master their emotions are ill-suited to profit from the investment process. - Ben Graham

Todays Sentence

Loss of opportunity is preferable to loss of capital. Trade / invest only when you have a
confident idea

Todays Sentence

Never establish a position in the market until you see the potential for a large profit as opposes to a small loss. – Conard Leslie

Todays Sentence

I look at losses as a businessperson looks at expenses. Losses are the cost of doing business. – Welles Wilder

Todays Sentence

I’m always thinking about losing money as opposed to making money. Don’t focus on making money; focus on protecting what you have. – Paul Tudor Jones

Todays Sentence

What you have to do is to separate yourself from the money so that you’re thinking of thetrade and not how much money you’re making. That takes a certain amount of disciplinethat’s hard to master, but it’s very important to do if you are going to trade correctly. –George Angell

Todays sentence

To truly master trading, an individual must be open to evaluation and change, and to adjustment if necessary, based on the observations and recommendations of those who have been successful over time. – Jake Bernstein

Todays Sentence

I think most great traders are no different from great athletes, great musicians or great surgeons. It’s the life-long pursuit of mastering the markets. It means working 10, 12, 18 hours a day – Laurence Connors

Todays Sentence

My goal on Wall Street was never to get rich but to stay in business. There’s a big difference. If you’re out of the business, you can never get rich. That’s why you have to be especially cautious when you’re trading a larger position size – Victor Sperandeo

Todays Sentence

At the start of a bear market, nobody knows it is a bear market – they just think it is a correction – Marc Faber

Todays Sentence

One lesson borne of experience is that the best course in investing is often to do nothing. That’s a hard lesson to apply in practice, given the propensity most of us have for tinkering. - Edward Studzinski

Todays Sentence

At the start of a bear market, nobody knows it is a bear market – they just think it is a correction – Marc Faber

Todays Sentence

There are many ways to lose money in the market but there are only few ways to make money and there are even fewer ways to retain the money made in the market. – Jake Bernstein

Todays Sentence

Good money management alone isn’t going to increase your edge at all. If your system isn’t any good, you’re still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure. – Monroe Trout

Todays Sentence

Patience is important not only in waiting for the right trades, but also in staying with the
trades that are working. The failure to adequately profit from correct trades is a key profitlimiting factor. – Jack Schwager

Today Advise

The markets seem very irrational in the short term, but are very rational in the long term. It is this paradox that confuses most traders. – Rashesh Shah

Expert Sentence

To be a successful trader you have to have a complete commitment to trading and do it full-time. Trading must be addressed as a profession, because if you do not treat it as such, those who do will separate you from your money very quickly. There is no shortcut in trading, the market will quickly find out if you are lazy. – Mark Cook