Thursday, April 12, 2007

Day Trader Quotes

  1. "If you dont know what you are doing, doing nothing is better than doing you know what" - Trader Jack
  2. "Trade what you see, Not what you think"
  3. "Most traders take a good system and destroy it by trying to make it into a perfect system."
  4. "If you're going to panic, panic early."
  5. "If you look around the table and don't see a sucker, then you are the sucker."
  6. "If you find yourself in the bottom of a deep hole, the first thing to do is stop digging."
  7. "The system wasn't designed so that most people could beat it."
  8. "At all levels of play the secret of success lies not so much in playing well as in not playing badly."
  9. "The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad." Richard Dennis, on Turtle Trading
  10. "The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill
  11. "Experienced traders control risk, inexperienced traders chase gains." -Alan Farley
  12. "The market can remain irrational longer than you can remain solvent" - John Maynard Keynes
  13. "My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen
  14. "We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."
  15. "There are only 3 rules...Rule number 1:- Don't lose money. Rule number 2:- don't forget rule number 1. Rule number 3:- the only thing you should be holding overnight is your dick." Trader Jack

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