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Wednesday, September 05, 2007

Quotable Quotes

Some very good quotes that I’ve come across in Techniques of Tape Reading which I completed reading recently:

-“This (Trading) is not a job where you get paid by the hour. You get paid for doing the right thing”

-“Forget that your money is at stake. Money in trading account is just a tool for making money. Preserve your tool. You need it to make money”

-“Don’t let the outcome of one trade alter your trading discipline. One trade doesn’t make a system…”

-“Trading is a game of probabilities. You don’t have to be right every time. You just have to follow your rules”

-“You decide your fate; the market doesn’t”

-“Pure followers of stock pickers will never be around…Learn or you are bankrupt”

-“Be aggressive in trending market and conservative in choppy market”

“Take home runs when you can, but don’t beat yourself up about missing a few. One trade should never make or break your account”


3 Comments:

Blogger OPTIONS TRADING BEGINNER said...

Great quotes, SOT!
Thanks for sharing them. :)

Cheers,
OTB

12:50 PM  
Blogger Tony Chai said...

Hi STO :

Thanks for taking the time to put up these valuable quotable quotes.

In fact, some of these golden nuggets brought back some sad memories of my trading account when I didn't realize the severity of not practicing them :)

Yours Truly,

Tony Chai
http://options4u.blogspot.com

8:57 PM  
Blogger Simply Options Trader said...

Hi Tony,
These are some of my personal fave quote as well and indeed many of us are guilty of breaking the rules until we learn the lesson :)

10:31 AM  

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