Quote of the Day - Standing on the Shoulders of Giants
“Consistent winners tell virtually no one their activities in the market place…. Consistent losers tell anyone who will listen the details of their market activities, to the point of campaigning for their point of view”
“Our inner thoughts, beliefs, self-perceptions, and emotions can give us a lift for a positive outcome, or hold us back in complete inertia.”
P. McGraw
“Life is all about timing… the unreachable becomes reachable, the unavailable become available, the unattainable… attainable. Have the patience, wait it out It’s all about timing.”
“When I became a winner, I said, “I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.”
“Rule 20 - Concentrate on how you are playing, not whether you are winning. The idea of winning money, as we have seen, is a false goal. You can actually be playing quite poorly and be winning handily. This is not the victory it feels like, however, for eventually this bad play will catch up to disastrous if your are achieving this by playing wrong (Probably the thing we should hope for is to lose when are playing wrong, for this will steer us toward the correct path.”
“Since the beginning of time, man has largely been controlled by emotions, fear and greed. When a student of market action allows these emotions to influence his market response, he loses many opportunities in the market. The student must at all times resist these two emotions. Confidence and courage are required to overcome fear and greed. Courage is inborn. Confidence is gained by study, study and more study”
“The creation of a speculator’s wealth comes from how he manages his money, not some magical, mysterious system or alchemist’s secret. Successful investing makes money; successful investing with proper money management can create immense wealth.”
