Trading Quotes
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Everyone needs different things. That's why trading works.
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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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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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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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Every time we turn over a rock in the mutual fund industry these days, we are seeing vermin crawl out that are appalling: Late trading; timing by those in the executive boardroom; billions of dollars being scraped off that should be going into the pockets of investors instead ending up in the hands of the executives.
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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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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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I actually think there are other ways of doing it. The most effective one is to include aviation within carbon trading schemes, so there is an absolute limit on the amount of emissions from the aviation sector.
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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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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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I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.
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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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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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On some level we trade passion for security, that's trading one illusion for another. It's a matter of degree. We can't live in constant fear, but we can't live without any. The fear of loss is essential to love.
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Maybe life is a process of trading hopes for memories.
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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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It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.
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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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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 want the whole of Europe to have one currency; it will make trading much easier.
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The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
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It is literally crazy to be committing to an ETS (emissions trading scheme) before seeing the outcome of Copenhagen . . . and frankly idiotic before we see the final form of the US emissions trading scheme.
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It is what people actually did in the stock market that counted - not what they said they were going to do.
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"I can't sleep" answered the nervous one. "Why not?" asked the friend. "I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?" "Sell down to the sleeping point", answered the friend.
