Gil Blake has a routine of internalizing how he would feel given what might happen on the next trading day in The New Market Wizards: Conversations with America’s Top Traders. My approach is to confront losses even before they materialize. I rehearse the process of losing. Whenever I take a position, I like to imagine […]
Trading Quotes
Quote from Felix Dennis
Quote from an interesting article If you want to be rich, first stop being so frightened If you are unwilling to fail, sometimes publicly, and even catastrophically, you stand little chance of ever getting rich. If you care what the neighbours think, you will never get rich. If you cannot bear the thought of causing […]
Quote from Mark Weinstein
Mark Weinstein have some advices for the beginning trader in Market Wizards: Interviews with Top Traders. You have to learn how to lose; it is more important than learning how to win. If you think you are always going to be a winner, when you lose, you will develop feelings of hostility and end up […]
Another quote from Michael Marcus
Over the lunch, my colleague mentioned about conspiracy stories in China stocks market. “The sell down of china market was caused by American!” …LOL.. Anyway, Michael Marcus discussed something on this topic in Market Wizards: Interviews with Top Traders. The foolish belief that there is conspiracy in the markets. I have known many of the […]
Another quote from Michael Marcus
Michael Marcus mentioned some wisdoms about life of a trader in Market Wizards: Interviews with Top Traders. If trading is your life , it is a torturous kind of excitement. But if you are keeping your life in balance, then it is fun. All the successful traders I’ve seen that lasted in the business sooner […]
Quote from Michael Marcus
Michael Marcus discussed causes of financial disablement in Market Wizards: Interviews with Top Traders. I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert….Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be […]