Graham

... remember that both in short-term trading and mechanical systems, the distribution of winners is skewed. Most of a month's profits might come from only two or three big trades. Much of the time the individual profits may seem small, but more importantly the losses should be small too.

Larry Conners

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Graham

"When you are your own trading coach, there is always a part of you that stands apart from your decision-making and execution, observing yourself and exercising control over what you do and how you do it. The real value of the trading journal is that it structures the process of self-awareness and helps make it more regular and automatic. If you were walking on a familiar street, you would hardly think about how you walk; everything would be on autopilot. If, however, you were taking the same walk in a minefield, you would be exquisitely self-aware, conscious of every step that you took. Trading is neither a walk in the park nor a minefield...perhaps it's more like a walk in a beautiful, but somewhat dangerous park. You want to be absorbed in the walk, but alert and aware at the same time. That is the function of the trading journal: it enables you to monitor yourself, even as you are immersed in what you're doing."

Dr. Steenbarger

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Shootanappleoffmyhead

Little but of fluffy overanalyzation if you ask me. But hey, 99% of the quotes you put up are really good, so keep it up. We all appreciate it man.

Shoot

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Memoirs of a Day Trader by Shoot ~~~~~~> The Pro Course

pmccandless

My brain hurts.

Graham

And we are the ones who want to choose
Always want to play
But you never want to lose.

Arials (song)
System of a Down

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Shootanappleoffmyhead

...nice

__________________
Memoirs of a Day Trader by Shoot ~~~~~~> The Pro Course

Graham

some redemption from yesterdays selection I see

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Graham

Comparing Paper Trading vs. Real Trading

“Are you a good shot?” “I can snap the stem of a wine glass at twenty paces” “That’s all well, but can you snap the stem of a wine glass while the wine glass is pointing a loaded pistol straight at your heart?”

Jessie Livermore

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Graham

"With all this information the fact is, in an ever-growing business, almost everyone is a net loser. So how can technical analysis or market education be of any value?

The value is in the fact that 100 percent of the losers are using it. Suppose you could find out where they are trading and take your position against them? In a small way that is what the pit trader does every day. That's why the membership to the "club" is so expensive. If you, as a student of the market, were to stop right now, put this book down, and every other book down, and ask yourself, "Where is the loser?" You would begin the process of learning what technical analysis is all about and why it has its place."



Jason Alan Jankovsky, The Art of the Trade

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.

Graham

“Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on”


Jessie Livermore

__________________
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness.