There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.
– Jesse Livermore, Reminiscences of a Stock Operator
On July 7, 2009, In Thought of the Day, by ElfLord
On July 6, 2009, In Thought of the Day, by ElfLord
Be very selective. Never trade for trading’s sake. Have the patience to sit on your money until the high probability trade sets up exactly right.
– James Rogers, Market Wizards by Jack Schwager
On July 5, 2009, In Thought of the Day, by ElfLord
I know for a fact that my discipline in executing each and every trade according to my trading system is the secret to my success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, think that you will have to explain this trade to the world in a case study format. You have to explain the reason for entry, your risk management guidelines, and why you exited the trade. If you can truly do this, I strongly believe that you can enjoy the same type of success I have enjoyed in this challenge.
– Tony Oz, The Stock Trader
On July 4, 2009, In Thought of the Day, by ElfLord
Success is a journey, not a destination.
– Ben Sweetland