Nice trading quote

[Iron]

"The real purpose of trading is not to make money. If that’s your goal you’ll probably struggle. But all of the following tend to work. If you goal is to be a great trader, then you probably will do well. If you goal is to use trading as a way to measure your self-development, then you will probably do well. If you just love trading and that’s why you do it, then as long as you are willing to work on yourself you will probably do well. Those, in my experience, are the key motivations that bring success in trading."

Van Tharp

[Euler]

“Every habit and faculty is formed or strengthened by the corresponding act - walking makes you walk better, running makes you a better runner. If you want to be literate, read, if you want to be a painter, paint. Go a month without reading, occupied with something else, and you'll see what the result is. And if you're laid up a mere ten days, when you get up and try to walk any distance, you'll find your legs barely able to support you. So if you like doing something, do it regularly; if you don't like doing something, make a habit of doing something different. The same goes for the affairs of the mind.” -Epictetus, Discourses 2.18

[hgodden]

Scalping is like diving into shark infested waters trying to catch a single fish without getting part of you eaten

[THENUTS]

" I haven't failed. I've just found 10,000 ways that wont work "

Thomas Edison

Note: this worked for lightbulbs and i suppose if you try with real money 10,000 times and it doesnt work then your gonna go bust but i still like the principle of never give up or believe you have failed. If you want it hard enough you CAN find a way ! Thomas Edison did when all around him thought he had gone nuts.

[Iron]

I haven't posted any of these for a while, so I thought I'd make up for lost time!

http://trendfollowingmentor.com/blog/20 ... gton-post/

[Iron]

When asked what surprised him most about humanity, the Dalai Lama answered, "Man. Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived."

[Iron]

'Emotion cannot be avoided, but it can be minimized, almost to the level of emotion associated with paper trading. When times get tough, when a string of losses occurs, keep trading, but keep shrinking the trades. Shrink them down so far that they feel like paper trades, if necessary. But don’t stop trading altogether unless it’s permanent, or else resuming trading could be emotionally difficult or impossible due to a lack of confidence. When profits eventually resume, even though they may be insignificant, confidence will return too; and the reduction in trade sizes will likely have preserved enough capital to start increasing trade sizes again.'

Christopher Ebert (from http://embracethetrend.com/post/8432301 ... hris-ebert)

[burdo77]

"Trading is like being on a diet, you have to control your urges, Measure and count everything, it's not until then is success possible"

[Iron]

'If you trade a race with a view to trading out for a maximum loss of £10, that's fine, but it will never be as exciting as actually having a tenner punt on a selection.'

Le Tiss

[Iron]

'The ability and willingness to modify one’s market opinion has been a hallmark of the best traders I have met in my career.'

Peter Brandt

[Iron]

Also from Peter Brandt:

'The traders who succeed at the end of the year are the traders who have the best risk management and ability to overcome their emotions. Period. End of story. Many aspiring traders become obsessed with finding the perfect technical indicators or method to analyze the markets because of their emotional inability to deal with market losses.'

[Iron]

"Find your passion: the work that stimulates, fascinates, and endlessly challenges you. Identify what you find meaningful and rewarding, and pour yourself into it. If your passion happens to be the markets, you will find the fortitude to outlast your learning curve and to develop the mastery needed to become a professional." - Brett Steenbarger

[Iron]

"Never, ever, follow conventional wisdom in the market." - Jim Rogers

[Lyle]

The Early bird catches the worm, but the second mouse gets the cheese .

Love that. Was it a Paxman original, or had it come before?

This is great also:

http://www.yayasantaalim.com/public_htm ... hDaily.jpg

[hgodden]

"When rich speculators prosper
While farmers lose their land;
When government officials spend money
On weapons instead of cures;
When the upper class is extravagant and irresponsible
While the poor have nowhere to turn-
All this is robbery and chaos.
It is not in keeping with the Tao."

Lao Tzu - Tao Te Ching