Nice trading quote

[Iron]

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[Iron]

"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead."

Paul Tudor Jones

[Iron]

“The composite profile of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in his/her personality, and blames others when things go wrong. Such a person would not have a set of rules to guide their behavior and would be more likely a crowd follower. In addition, losing traders tend to be disorganized and impatient.” -Van Tharp

[LeTiss]

You crack me up Jeff, you are the most interesting person on this forum!

You supply some fantastic words of wisdom, and often submit challenging ideas with regards to trading matters, yet by your own admission fail to make trading profitable

Have you been on Peter's course?
It would probably be money very well spent for you!

[Iron]

You crack me up Jeff, you are the most interesting person on this forum!

A rare word of praise from you - I shall savor it! Thanks.

You supply some fantastic words of wisdom, and often submit challenging ideas with regards to trading matters, yet by your own admission fail to make trading profitable

I am a mass of contradictions, which will hopefully be resolved sooner rather than later.

As I told someone a while back, I'll trade profitably when I diet successfully, i.e. when I attain a degree of self-mastery.

Have you been on Peter's course?

No. My priority has to be applying my existing market knowledge with discipline, rather than acquiring new knowledge. Thanks for the recommendation though.

Jeff

[Iron]

PS The person referred to by Van Tharp sounds a lot like me!

[Iron]

"They came out fighting and we were passive. When you have one team that has real energy and the other team's playing passive, you're getting killed. Talent's out the window."
John Calipari

Not only is this a nice trading quote, but it explains Man U's season so far...

Jeff

[THENUTS]

"you never fail until you stop trying"

Albert Einstein

[PeterLe]

"you never fail until you stop trying"

Albert Einstein

...Or until you run out of money! PeterLe

[THENUTS]

Or you run out of money! PeterLe


Good point - i try to stick to 2-5% of my roll per trade but hard sometimes when there is a serious of losers - very tempting to push it to recover losses but money management appears to be one of the keys so i toil on...............

[CaerMyrddin]

[Iron]

Indeed, and whatever I do that, I tend to lose my shirt! It's like someone up there is trying to teach me a lesson!

Jeff

very tempting to push it to recover losses

[Iron]

“Not only an endeavor – it was an obsession! I slept with it; I dreamt about it. Sometime I would stay up all night thinking about what I would do the next day. If I didn’t need sleep, I would have done it twenty-four hours a day. At that point, it wasn’t the money that was motivating me. I was hooked on the game: on the challenge of trying to figure out the market.” - Mark Weinstein

[Iron]

'I know of no successful trader who has become that way just by mirroring the actions of another. Every successful trader I know has figured out a way to do it themselves. They borrow here and there, and they take select ideas from others, but they end up putting together their own collage, and that’s how they operate.'

Linda Rashke

[THENUTS]

" remebering that you are going to die is the best way i know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart "

Steve Jobs