Quote of the Day - Standing on the Shoulders of Giants
“There’s nothing like pushing the limits and coming out alive. Confidence is key.”
“Since the dawn of capitalism, there has been one golden rule: “If you want to make money, you have to take risks"”
“People only accept change when they are faced with necessity, and only recognize necessity when a crisis is upon them.”
“If you don’t have a target, nothing else matters. If you’re aiming at nothing,in trading as in life, you’re always going to hit it.”
“Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it.”
“If you spend more than 13 minutes analyzing economic and market forecasts, you’ve wasted 10 minutes.”
“The wicked flee when no man pursues; but the righteous are bold as a lion. - Proverbs 28:1”
“Trading is…
A path to build wealth.
A road to ruin.
Unending entertainment when you’re clueless.
Crushingly boring when done right.
An enlightening window to the world.
A glimpse of humans at their worst.
A venue where lifetime friendships are built.
A dark alley where business relationships are destroyed.
The most satisfying game to master.
The most frustrating occupation to enter.
Filled with some of the most sharing and generous people you’ll ever meet.
Populated by Shysters and Hucksters ready to con you out of your last nickel.
Synonymous with America’s growth and a source of pride.
Occasionally responsible for America’s black eye to the world.
Where new fortunes are cemented.
Where generational family fortunes are forever lost.
Trading is.
Ok kid, have at it. Good luck.
”
“Whatever task that you undertake, do it with all your heart and soul. Always be courteous, never be discouraged. Beware of him who promises something for nothing. Do not blame anybody for your mistakes and failures. Do not look for approval except in the consciousness of doing your best.”
“Fight one more round. When your feet are so tired that you have to shuffle back to the center of the ring, fight one more round. When your arms are so tired that you can hardly lift your hands to come on guard, fight one more round. When your nose is bleeding and your eyes are black and you are so tired that you wish your opponent would crack you one on the jaw and put you to sleep, fight one more round—remembering that the man who always fights one more round is never whipped.”
“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”
“Remember this about earnings - it’s not what they report, but how the market / stock reacts to the news - Its all about the reaction / behavior”
“These days, there are many more deep intellectuals in the business, and that, coupled with the explosion of information on the Internet, creates the illusion that there is an explanation for everything and that the primary task is simply to find that explanation. As a result, technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their eyes and trust the price action. The pain of gain is just too overwhelming for all of us to bear!”
“Buy when stocks breakout on heavy volume and sell them if the stock fails to move up”