Since 2011 · Words worth trading on
Quote of the Day
Standing on the shoulders of giants.
Over a decade of quotes on trading, discipline, patience and mindset that I keep coming back to. Some from market legends, some from philosophers, a few from the trail.
Read one before the open. Then go do the work.
“Be bold and mighty forces will come to your aid. In the past, whenever I had fallen short in almost any undertaking, it was seldom because I had tried and failed. It was because I had let fear of failure stop me from trying at all.”
“Many of life’s failures are people who had not realized how close they were to success when they gave up.”
“The best thing about the future is that it comes only one day at a time.”
“Yesterday is history. Tomorrow is a mystery. And today? Today is a gift. That’s why we call it the present.”
“When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.”
“Learn to detach…Don’t cling to things, because everything is impermanent… But detachment doesn’t mean you don’t let the experience penetrate you. On the contrary, you let it penetrate fully. That’s how you are able to leave it… Take any emotion–love for a woman, or grief for a loved one, or what I’m going through, fear and pain from a deadly illness. If you hold back on the emotions–if you don’t allow yourself to go all the way through them–you can never get to being detached, you’re too busy being afraid. You’re afraid of the pain, you’re afraid of the grief. You’re afraid of the vulnerability that love entails. But by throwing yourself into these emotions, by allowing yourself to dive in, all the way, over your head even, you experience them fully and completely. You know what pain is. You know what love is. You know what grief is. And only then can you say, ‘All right. I have experienced that emotion. I recognize that emotion. Now I need to detach from that emotion for a moment.”
“It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. If you’re smart, surround yourself with smart people who disagree with you.”
“The big money is made by the sittin’ and the waitin’ – not the thinking. Wait until all the factors are in your favor before making the trade.”
