We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes while the losers make big mistakes.
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What sets successful traders apart?
......Most people think that winning in the markets has something to do with finding the secret formula. The truth is that any common denominator among the ...
If you don't know who you are, this is an expensive place to find out.
- George Goodman
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George Goodman on Stock Market ...
Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralized, depressed, despondent, and ...
The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money ...
It is not important that the basic value of the shares be practically nothing as long as there are other people willing to close their eyes and support those contradictions.
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Markets can remain irrational longer than you can remain solvent.
- John Maynard Keynes
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John Maynard Keynes on Irrational Markets by DaytradingBias.com
The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
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One common adage...that is completely wrongheaded is: You can't go broke taking profits.
That's precisely how many traders do go broke.
While amateurs go broke by taking large losses, professionals go broke ...
The smart money always loses money shorting bubbles because they cannot comprehend that it could go as high as it does.
- Jim Rogers
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