Quote of the Day - Standing on the Shoulders of Giants
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and
day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.”
“First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst.”
“If you want to have a better performance than the crowd, you must do things differently from the crowd.”
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
“The graveyard of past traders is littered with those who couldn’t get the needle out of their arms. Markets can destroy you emotionally, physically and financially. You must keep perspective.”
“As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others.”
“The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government – lest it come to dominate our lives and interests.”
“Education is the passport to the future, for tomorrow belongs to those who prepare for it today.”
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“One who fears failure limits his activities. Failure is only the opportunity to more intelligently begin again.”
“Most traders will lose all of their profits in just a few weeks of choppy market action. Learn when to stalk and when to strike”
“Coming together is a beginning. Keeping together is progress. Working together is success.”
“Newer traders tend to become lazy in corrective markets. Keep the focus, the routine, etc. Mkt. conditions can change quickly.”