| Trader Discussions This area is for trader's to discuss ideas, opportunities, chart setups, and anything trading related. This also acts as a "FAQ" for any trading related questions. |
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October 27th, 2009, 07:47 AM
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#1 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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Trading Quote of the Day
Getting excited by gains in a trade is the first step toward getting panicky when those gains are threatened.
Dr. Brett Steenbarger
Last edited by Graham; July 11th, 2010 at 01:42 PM.
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October 27th, 2009, 02:04 PM
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#2 (permalink)
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Status: Community Founder
Join Date: Oct 2009
Location: Kenosha, WI
Posts: 958
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So true. I just heard this somewhere too. If we are connecting our emotions to our trading when we win we feel like a winner, so what does that make us feel like when we lose? A loser. This is one of the reasons trading in samples is a must for me, because I am able to bypass the emotional roller coaster by not counting any one trade as a success or failure, and since trading is a probabilities game it is best to view it in terms of trades over time.
Thanks for this quote Graham, Shoot.
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October 28th, 2009, 09:25 AM
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#3 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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It was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Jessie Livermore
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October 28th, 2009, 10:49 PM
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#4 (permalink)
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Status: Community Founder
Join Date: Oct 2009
Location: Kenosha, WI
Posts: 958
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Nother great concept Graham, thanks man. Keep them coming. Have you read Reminiscences of a stock operator by chance. Livermore has tons of great sayings in that book.
Shoot
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October 29th, 2009, 03:51 AM
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#5 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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I have yet to read that but is on my list and considering how much I read it will not belong before I am reading it.
Glad you like the quotes. I shall keep them coming.
Good trades!
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October 29th, 2009, 12:30 PM
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#6 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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If you don't know who you are, the stock market is an expensive place to find out.
George Goodman
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October 29th, 2009, 12:40 PM
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#7 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Tennessee
Posts: 229
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Quote:
Originally Posted by Shootanappleoffmyhead
Nother great concept Graham, thanks man. Keep them coming. Have you read Reminiscences of a stock operator by chance. Livermore has tons of great sayings in that book.
Shoot
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I'm no speed reader so I might make a suggestion, by the audio book on itunes! Its 9+hrs long... unless you listen to it at 2x the speed! Technically I've read it twice now.
-Dr Pip
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October 29th, 2009, 05:39 PM
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#8 (permalink)
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Status: Community Founder
Join Date: Oct 2009
Location: Kenosha, WI
Posts: 958
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Quote:
Originally Posted by Dr Pip
I'm no speed reader so I might make a suggestion, by the audio book on itunes! Its 9+hrs long... unless you listen to it at 2x the speed! Technically I've read it twice now.
-Dr Pip
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Haha..as have I. "It's a bull market you know." Tis a long book, but worth it you know.
shoot
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October 29th, 2009, 05:57 PM
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#9 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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Thanks for the idea Pip.
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October 30th, 2009, 09:13 AM
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#10 (permalink)
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Status: Community Leader
Join Date: Oct 2009
Location: Manhattan, New York
Posts: 359
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A market is the combined behavior of thousands of people responding to information, misinformation, and whim.
Kenneth Chang
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