Trading Quotes
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The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.
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It's got to be hard to be a band that's trading on your 40-year-old hits, where there's a certain thing that's expected of you. But that's why I admire Bob Dylan's live performances - he's steadfast about mixing up the songs, not just sticking to his greatest hits, and reinterpreting them to the extent that you really can't recognize them until halfway through. It's like, I DARE you to sing along.
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The US is our trading partner, our neighbour, our ally and our friend... and sometimes we'd like to give them such a smack!
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You must ignore what everyone else is doing and trade only when you feel the odds are in your favor. In short, trade only when you and you alone are comfortable that the expected return of your trades will be positive. That might mean you'll have to sit out a few parties, but it will also mean that you'll have more profits over the course of your trading career.
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We decided to go the way of trading and getting younger players.
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In this world, there is no absolute good, no absolute evil," the man said. "Good and evil are not fixed, stable entities, but are continually trading places. A good may be transformed into an evil in the next second. And vice versa. Such was the way of the world that Dostoevsky depicted in The Brothers Karamazov. The most important thing is to maintain the balance between the constantly moving good and evil. If you lean too much in either direction, it becomes difficult to maintain actual morals. Indeed, balance itself is the good.
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Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.
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My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.
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I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.
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He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.
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Are we all clear that we want to build something that can aspire to be a world power - not just a trading bloc, but a political entity?
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I know what I write about seems exotic to a lot of people, but not for me. I pulled up to an old trading post and saw a few elderly Navajos sitting on a bench. I felt right at home.
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The WTO has outlived its usefulness as a setting for trade negotiations. It can still be a good place to resolve disputes (though this can take years) and share ideas, but most countries would be better off choosing their own trading partners and lowering trade barriers at their own pace.
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That the human condition was so obviously exposed to the blind fury of chance that to trust in a God, a Jesus, the Holy Spirit—this last a completely superfluous entity, it was there only to make up a trinity, notoriously nobler than the mere binomial father-son—was the same thing as collecting trading cards while the city burns in the fires of hell.
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I am now able to make a couple of thousand dollars a day easily by trading stocks and forex. Well, this is only after 18 years of trading and losing tens of thousands of dollars when I first began. This is after looking at stock charts for 3-4 hours a day for 18 years.
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China has to move to a more flexible foreign currency trading system, no question about that. You might see two or three moves to widen the band, say to 0.5 percent.
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I always knew I could play, but it wasn't likely to happen in Boston. I'm grateful to the Red Sox for trading me and to the Marlins for giving me the chance.
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Diverse groups of countries can do a lot by trading amongst themselves, exploiting differences in costs, resources, and technologies.
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When one cow was found with BSE in 2003, many of our trading partners closed their borders to our beef.
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I've always viewed high-frequency trading as a tax on the rest of us.
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When you're in a losing streak, your ability to properly assimilate and analyze information starts to become distorted because of the impairment of the confidence factor, which is a by-product of a losing streak. You have to work very hard to restore that confidence, and cutting back trading size helps achieve that goal.
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If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.
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Are we all clear that we want to build something that can aspire to be a world power? In other words, not just a trading bloc but a political entity. Do we realise that our nation states, taken individually, would find it far more difficult to assert their existence and their identity on the world stage.
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People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.
