Trading Quotes

[eggman]

Are there any quotes you can share, or something you think which helps you when you're trading?

I'll start with:

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

- George Soros

[nigelbleddfa]

You can't buck the market

http://www.independent.co.uk/opinion/leading-article-you-cant-buck-the-market-1154872.html

[eggman]

You can't buck the market

http://www.independent.co.uk/opinion/leading-article-you-cant-buck-the-market-1154872.html

Simple, yet true :)

Reminds me of that Keynes quote:

“Markets can remain irrational longer than you can remain solvent.”

[Thomson]

A couple here that I like...

Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
Peter Lynch

[Cran]

What the http://www.nielda.co.uk/pics/smiley2/censored.gif !?

[rockaren]

"they are all bastards"

unknown

[kawasaki]

If you find yourself in the bottom of a deep hole, the first thing to do is stop digging

[SJD]

Simple, yet true :)

Reminds me of that Keynes quote:

“Markets can remain irrational longer than you can remain solvent.”

How true that quote is.

At the height of the interent boom my old company launched an internet unit trust, investing in all dot.coms etc. Fund was launched at 50p and I said t he market was significantly overvalued. I kept saying that as the unit price hit 140p. In the long run I was right as it now languishes at around 23p after hitting a low of about 15p.

Would of gone bust if I had tried to capitilise on my view despite being right. When the lemming come in they willl still keep jumping off the cliff.

[The Geek]

"Use The Toy!"

[rockaren]

Do NOT use your cat for trading !!!


I know some ppl may not understand why I am talking cat :)

[refer80]

You don't need to know what is going to happen next to make money

[Paddy The Trader]

"It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another."

"A fool and his money are lucky enough to get together in the first place."

"Greed is good."

"Lunch is for wimps" :D

All Gordon Gekko quotes from the 1987 movie Wall Street.

[Quo]

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

[Scumbag trader]

Any player unaware of the fool in the market, probably is the fool in the market -

Warren buffett

[westerner]

If people knew how hard I worked to get my mastery, it wouldn't seem so wonderful at all.

Michelangelo

[jibiko]

“Obstacles don't have to stop you. If you run into a wall, don't turn around and give up.
Figure out how to climb it, go through it, or work around it”.

Michael Jordan

[londonpride]

"dont be a prick for a tick"

a good friend of mine!!

[TheSnapper]

"There are old traders, and there are bold traders, but there are no old, bold traders."

[Scumbag trader]

Losing hurts everyone. I've said before loads of times how ppl have got to control their emotions better etc...... but I think its easy for pros to say. Even if you've been doing this for years a losing day or two hurts, as does unexpected things happening in the market. I think most peoples 'mindset' gets cured when they start winning and get a little confidence behing them. Until then I thinks its just a matter of taking as much punishment as you can and still coming back for more, thats what seperates those that make it and those who dont

Our very own Bazbaz

Very wise words imho.

[jibiko]

Be sure why you’re going into the market. Know what you’re planning to do. Have an exit strategy.

- TonyK

[jibiko]

Learn your game inside out and achieve your goals by being methodical.

_____________

[Knight Rider]

http://i656.photobucket.com/albums/uu287/passenger5/rac/rapid.jpg

(anonymous, Isle of Whithorn)
http://i656.photobucket.com/albums/uu287/passenger5/smilies/titanic-081.gif

[bazbaz]

http://i656.photobucket.com/albums/uu287/passenger5/rac/rapid.jpg

(anonymous, Isle of Whithorn)
http://i656.photobucket.com/albums/uu287/passenger5/smilies/titanic-081.gif

Lol is that the one which also states "it's so easy even a 9 year old could do it!"?

[jibiko]

The more I learn about Betfair the more I realise it's a game that favors the lone wolves!:)


(The message you have entered is too short.
Please lengthen your message to at least 10 characters).

[lewismbet]

Full credit goes to enzabella on another forum for this quote but I think it is very true:

When you find a good spot for fishing you usually keep it for your self...When the fishing spot is not good anymore, if you are clever enough, you will then start to sell it out to others.

[jibiko]

http://oi51.tinypic.com/17zsxk.jpg


- A.T. (Anonymous Trader)

[refer80]

Hope you stick around jib ;)

[jibiko]

I hope so, too.

(happy to see ya :o).

[jibiko]

http://oi56.tinypic.com/23w8rcx.jpg



(* nobody, or a few ppl, in our case).

[jibiko]

This shit isnt easy or for weak hearts


##########

[jibiko]

- Don't take tips of any kind, no matter where they come from.

- I realized that the best of all tipsters,
the most persuasive of all salesmen, is the tape.

[LuckyYou]

The bookies never care who will kick the ball, score the goal, win the race. The most important for them is the game to have a winner (the game not to be postponed) . They already made the money before the game even started.

[Keefter]

My personal favourite was from a friend of mine who was a bit hit and miss as a trader who once said to me: "I hope I break even today, I need the money" haha

[LuckyYou]

There is something that i've learned from this so called Adam Todd:
"Stay hydrated" :D In my case - helps a lot

[fluffnut]

There is something that i've learned from this so called Adam Todd:
"Stay hydrated" :D In my case - helps a lot

Isn't that an "infamous" well...."bullchite" adam heathcote quote???

[LuckyYou]

Isn't that an "infamous" well...."bullchite" adam heathcote quote???
Its quite possible i don't remember his name actually. There is Very big possibility you to be right :)