Trading Quotes
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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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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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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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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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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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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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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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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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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 what people actually did in the stock market that counted - not what they said they were going to do.
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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.
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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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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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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'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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I want the whole of Europe to have one currency; it will make trading much easier.
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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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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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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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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 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.
