Trading Quotes

[eggman]

Are there any quotes you can share, or something you think which helps you when you're trading?

I'll start with:

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

- George Soros

[nigelbleddfa]

You can't buck the market

http://www.independent.co.uk/opinion/leading-article-you-cant-buck-the-market-1154872.html

[eggman]

You can't buck the market

http://www.independent.co.uk/opinion...t-1154872.html

Simple, yet true

Reminds me of that Keynes quote:

“Markets can remain irrational longer than you can remain solvent.”

[Thomson]

A couple here that I like...

Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
Peter Lynch

[Cran]

What the !?

[rockaren]

"they are all bastards"

unknown

[kawasaki]

If you find yourself in the bottom of a deep hole, the first thing to do is stop digging

[SJD]

Simple, yet true

Reminds me of that Keynes quote:

“Markets can remain irrational longer than you can remain solvent.”

How true that quote is.

At the height of the interent boom my old company launched an internet unit trust, investing in all dot.coms etc. Fund was launched at 50p and I said t he market was significantly overvalued. I kept saying that as the unit price hit 140p. In the long run I was right as it now languishes at around 23p after hitting a low of about 15p.

Would of gone bust if I had tried to capitilise on my view despite being right. When the lemming come in they willl still keep jumping off the cliff.

[The Geek]

"Use The Toy!"

[rockaren]

Do NOT use your cat for trading !!!


I know some ppl may not understand why I am talking cat

[refer80]

You don't need to know what is going to happen next to make money

[Paddy The Trader]

"It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another."

"A fool and his money are lucky enough to get together in the first place."

"Greed is good."

"Lunch is for wimps"

All Gordon Gekko quotes from the 1987 movie Wall Street.

[Quo]

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

[Scumbag trader]

Any player unaware of the fool in the market, probably is the fool in the market -

Warren buffett

[westerner]

If people knew how hard I worked to get my mastery, it wouldn't seem so wonderful at all.

Michelangelo