"The policy of being too cautious is the greatest risk of all." - J. Nehru
"The market does not know if you are long or short and could not care less. You are the only one emotional involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just has hard that it will go the other way" - Marty Schwartz, Pit Bull
"When you are starting out, it is very important not to get too far behind because it is very difficult to fight back. Most traders have a tendency to take risks that are too large at the beginning" - Gary Bielfeldt
"Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros
"I was seldom able to see an opportunity until it had ceased to be one." - Mark Twain
"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea
"The market does not know if you are long or short and could not care less. You are the only one emotional involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just has hard that it will go the other way" - Marty Schwartz, Pit Bull
"When you are starting out, it is very important not to get too far behind because it is very difficult to fight back. Most traders have a tendency to take risks that are too large at the beginning" - Gary Bielfeldt
"Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros
"I was seldom able to see an opportunity until it had ceased to be one." - Mark Twain
"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea
"Go as far as you can see; when you get there, you'll be able to see farther." - J.P. Morgan
"Most books on trading say that you only have to be right 3 or 4 times out of 10 if you cut your losses quickly and let your profits ride. That doesn`t work for me. I cut my losses quickly, but I take my winners just as quickly. I need to be right 7 or 8 times out of 10" - Marty Schwartz, Pit Bull
"One characteristic I've found among successful traders is that they function effectively when they're not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present. For them, losing money is less onerous than experiencing boredom." - in Trader Feed
"If I were walking along a railroad track and saw an express coming at me at 60 miles an hour, I would be a damned fool not to get off the track and let the train go by. After it had passed, I could always get back on the track, if I desired" - in Reminiscences Of A Stock Operator
"To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations." - Trading to Win, Ari Kiev
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. - Sir John Templeton
"Money won't buy happiness, but it will pay the salaries of a large research staff to study the problem." - Bill Vaughan
"The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.” - Ed Seykota
"One characteristic I've found among successful traders is that they function effectively when they're not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present. For them, losing money is less onerous than experiencing boredom." - in Trader Feed
"If I were walking along a railroad track and saw an express coming at me at 60 miles an hour, I would be a damned fool not to get off the track and let the train go by. After it had passed, I could always get back on the track, if I desired" - in Reminiscences Of A Stock Operator
"To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations." - Trading to Win, Ari Kiev
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. - Sir John Templeton
"Money won't buy happiness, but it will pay the salaries of a large research staff to study the problem." - Bill Vaughan
"The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.” - Ed Seykota
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