Trading Quotes
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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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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 trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.
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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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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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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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You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.
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After all, China is our largest trading partner. As I said, country-wise, Russia trades the most with China. That is my first point.
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You're already a financial trader. You might not think of it in just this way, but if you work for a living, you're trading your time for money. Frankly, it's just about the worst trade you can make. Why? You can always get more money, but you can't get more time.
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Mexico is an important trading partner, it's the number one trading partner for the state of Texas. We have had dealings with them, shared a border with them. We have had our challenges, but at the end of the day we want a good relationship with Mexico.
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Everyone needs different things. That's why trading works.
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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.
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It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
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It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.
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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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After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
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I want the whole of Europe to have one currency; it will make trading much easier.
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That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.
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Most traders believe that 'getting into the zone' happens when you have 'a hot streak.' I believe you can create the zone. The zone is a psychological state. It is when you are focused, disciplined, and fully engaged in the process at hand . . . trading in the zone will certainly increase your capacity to perform and succeed.
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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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I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.
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Be busy in trading, receiving, and giving, for life is too good to be wasted in living.
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Maybe life is a process of trading hopes for memories.
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Much of our trading comes down to a battle between our patience and our impulses.
