Words of Philosophy & Psychology---

"No wonder farmers have such a hard time. They do it backwards--buy their feed and equipment retail and sell their products wholesale."

--John Sovie, my next door neighbor--

"you can lead a horse to water but you can't make him drink"

unknown


"I did not have sex with that woman"

Bill Clinton

Good one!


Another Clinton Classic:

" That depends on what your definition of the word is is."

Another from Tom Bodett

"You can make a new friend but you can't make an old one."

Great contributions friendz!! This thread is becoming a treasuretrove of wisdom---keep'em coming---

"1. IN A DAY, WHEN YOU DON'T COME ACROSS ANY PROBLEMS - YOU CAN BE SURE
THAT YOU ARE TRAVELLING IN A WRONG PATH
- SWAMI VIVEKANANDA

2.
3 SENTENCES FOR GETTING SUCCESS
a) KNOW MORE THAN OTHER
B) WORK MORE THAN OTHER
C) EXPECT LESS THAN OTHER
- WILLIAM SHAKESPEARE

3.IF YOU WIN YOU NEED NOT EXPLAIN
... BUT IF YOU LOSE YOU SHOULD NOT BE
THERE TO EXPLAIN
- ADOLPH HITLER

4)DON'T COMPARE YOURSELF WITH ANYONE IN THIS WORLD. IF YOU DO SO, YOU ARE INSULTING YOURSELF
- ALEN STRIKE

5)IF WE CANNOT LOVE THE PERSON WHOM WE SEE,
HOW CAN WE LOVE GOD, WHOM WE CANNOT SEE ?
- MOTHER THERESA

6)NO MAN IS RICH ENOUGH TO BUY HIS PAST
- OSCAR WILDE

7) IF YOU WANT REAL PEACE DON'T TALK TO YOUR FRIENDS , TALK WITH YOUR ENEMIES
- MOTHER THERESA

8) WINNING DOESN'T ALWAYS MEAN BEING FIRST , WINNING MEANS YOU'RE
DOING BETTER THAN YOU'VE DONE BEFORE
-BONNIE BLAIR

9) EVERYONE THINKS OF CHANGING THE WORLD , BUT NO ONE THINKS OF
CHANGING HIMSELF
-LEO TOLSTOY

10) I WILL NOT SAY I FAILED 1000 TIMES,
I WILL SAY THAT I DISCOVERED THERE ARE 1000 WAYS THAT CAN CAUSE FAILURE
-THOMAS EDISON

11) BELIEVING EVERYBODY IS DANGEROUS; BELIEVING NOBODY IS VERY DANGEROUS
-ABRAHAM LINCOLN

12) LOVE YOUR JOB, BUT NEVER FALL IN LOVE WITH YOUR COMPANY, BECAUSE YOU NEVER KNOW WHEN IT STOPS LOVING YOU
- ABDUL KALAM

13) IF SOMEONE FEELS THAT THEY HAD NEVER MADE A MISTAKE IN THEIR
LIFE,THEN IT MEANS THEY HAD NEVER TRIED A NEW THING IN THEIR LIFE
- EINSTEIN

14) NEVER BREAK FOUR THINGS IN YOUR LIFE TRUST, PROMISE, RELATION, HEART. BECAUSE WHEN THEY BREAK THEY DON'T MAKE ANY NOISE, BUT PAINS A LOT
-CHARLES

15) IF YOU START JUDGING PEOPLE YOU WILL BE HAVING NO TIME TO LOVE THEM
- MOTHER THERESA


Happy Trading!!!

Another from Tom Bodett

" Our first thought of the day is our last honest thought."

Stand tall. If you can stand tall when others are afraid to, you may be wrong, but at least you have tried when others would not.

"Don’t be too concerned about where you got into a position. The only relevant question is whether you are bullish or bearish on the position that day."

--- Paul Tudor Jones

"Like any craft, such as piano playing, perfection may be elusive - I’ll never play a piece perfectly, and I’ll never buy the low and sell the high - but consistency is achievable if you practise day in and day out."

--- Linda Bradford Raschke

"Trading Receipe: Take the obvious, add a cupful of brains, a generous pinch of imagination, a bucketful of courage and daring, stir well and bring to a boil."

---Bernard Baruch

"You never need to chase a trade. The market has plenty of opportunities. The money runs out before the opportunities do."

---John Saleeby

"When you've achieved a state of mind where you truly accept the risk, you won't have the potential to define and interpret market information in painful ways."

---Mark Douglas

Money does not buy happiness. I now have 50 million dollars and I'm no happier that when I had 48 million.

--Arnold Shcwarzenegger--

Very humble, Arnold

hey mysticgenie, keep posting more of those awesome quotes...I teared up a little on a few of them they were beautiful.
Thx for the post

It is easy to look down on a giant when you are standing on his shoulder.

--Unknown--

"The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed."
Albert Einstein

"Not everything that counts can be counted, and not everything that can be counted counts." (Sign hanging in Einstein's office at Princeton)

The Seven Hermetic Principles.

"The All is Mind....The Universe is Mental".

"As above, so below ; as below , so above".

"Nothing rests ; everything vibrates".

"Everything is Dual ; everything has poles ;everything has its pair of opposites".

"Every Cause has its effect ; every effect has its cause."

" Gender is in everything ; everything has its masculine and feminine principles".

"Everything flows out and in; everything has its tides ; all things rise and fall; the pendulum-swing manifests in everything; the measure of the swing to the right is the measure of the swing to the left; rhythm compensates".

(the Kybalion,Hermetic Philosophy)

Thanks folks for encouragements & excellent contributions---

"Don't confuse genius with a bull market. It's not that hard making money in a roaring bull market. Keeping your gains when the bear comes prowling is the hard part. Don't get cocky, but don't grovel either. You're not as smart as you think you are when everything is going great. But you're not as dumb as you think you are when everything is going to hell either. The market whips all our butts now and then. The whipping usually comes just when we think we've got it all figured out."


"One thing you should be thankful for is that you don't HAVE to come up with a reason for WHY the market is doing what it's doing. The talking heads on CNBC do because that's their job. I do too, because I know you expect it of me. But you don't. Just follow your chart work and let someone else do the pontificating. After all, who REALLY knows why stock ABC goes up 5 points on Monday while stock XYZ, in the same business, goes down 5 points? That's the great thing about technical analysis. You don't have to know. The price action is THE TRUTH. It's all you really need to know. Price doesn't lie. Price doesn't alibi. Price never complains and never explains. It is what it is. When XYZ goes up $5 on heavy volume, let Joe Hairdo on CNBC jabber on about what it all means. We KNOW what it means. It means XYZ went up $5 on heavy volume."

---Nick Proffitt

"The average trader focuses too much on big payoffs. This is a stock market mentality, i.e., buy it and ride it to the sky, or sell it before the crash. Trading is not about predicting and catching the "big" moves. This is "fantasy" trading. It is the "lottery" approach to trading which, in the end, pays off only for a very, very few. Trading is about "seeing" momentum and positioning with it, "seeing" trend and following it.

The average trader relies too much on feel, on intuition. The possibility that any one of us is a natural market genius is realistically somewhere between zero and none. Accept that you will never be a world class athlete, sing a perfect musical note, or find a theory beyond relativity; and neither will you ever reliably predict the future. But be aware that you can know the past and see the present.

If you're going to trade futures, you might as well do it correctly; and doing it correctly means doing it intelligently. Look at reality. Futures trading is a competition. It is financial warfare. You are trading against thousands of smart, aggressive, extremely well-informed, very well financed, extensively experienced professionals. Look at the facts! Over eighty percent lose; so by definition the average trader (even the well above average trader) is going to lose--eventually."

--- Chick Goslin

"I’ve experienced big losses, but have always been able to come back with a winning streak. So, I am no longer that sensitive about losses. I know that I can make them back. Because of this, I am more willing to stop trading on bad days and take small or medium losses.

One of my strengths is the ability to become more aggressive during winning streaks and to do the opposite during a losing streak. This goes against what most people do. You should have a person who has nothing to do with trading who will turn off the trading terminal after a certain amount of losses and send you home; that would save traders thousands.

I am constantly adjusting my trading style to match specific market conditions. For example, on volatile days I generally put fewer orders into the market and execute more directional trades, although I mostly hold them for only a few seconds.

I always set strict daily targets and limits for my profit and loss. The most important element is the stop limit, or simply the size of the loss, which will cause me to turn off my trading screen. I try to liquidate my positions as soon as they start going against me.

A guru or analyst might have to stick to his opinion, but a trader should not have an opinion at all. The stronger your opinion is, the more problems one has when it’s time to close a losing position."

---Paul Rotter

"Plan for what is difficult while it is easy, do what is great while it is small. The difficult things in this world must be done while they are easy, the greatest things in the world must be done while they are still small. For this reason sages never do what is great, and this is why they achieve greatness."

--- Sun Tzu

The blood is red admiral !
(G30S/PKI)

1. You cannot make money with other people's mind

2. The greatest men are unknown in history.

3. It is the uncertainty that creates life...for instance..if all of humanity knows exactly what they are doing and the results they gonna get...the life will cease to exists....if we know exactly whats going to happen next..the world will cease to exist...there is no eternity in human life...live in the moment...for the next moment is uncertain and that is life..

Taking that into account for trading..the day we stop predicting the market..will be the day for our path to millionaredom

Glad to see the increasing popularity of this thread---

"We trade only price. We do not trade information. We do not trade knowledge (of the asset being traded). Nor do we trade computing power or expertise. We do not trade anything at all other than price: ie: the number. Therefore since the only factor that counts in this game is the price, it is only smart to focus all, or almost all, our attention on this number on the pice and its movement; in other words, what the price has done in the past and is doing in the present. Approach the game/business of trading in this manner - an up down number game where the focus is on what the price does and not why - and you will be on the right path to succss as a trader

You are trading against the wealthiest and most knowledgeable people and organizations in the world.Do not delude yourself, you cannot compete on their terms: information, knowledge, experience, staying power, and so on.Do not spend time and energy trying to figure out why a price moves.Focus all your attention and energy solely on what the price is doing.You are a trader. A trader does not get paid to understand or explain why something has happened. The question "why?" deals with the past. The question "what?" deals with the present and provides the best clues to the future. And never forget that you are trading "futures," not "pasts." Discovering the supposed "why" of a price move will provide you with little more than temporary intellectual comfort. Whereas observing and focusing on what the price has done and is doing will help you anticipate what the price will do in the future. Leave the intellectualizing to those paid for their words not their deeds, i.e., journalists and brokerage house analysts

Predictions tend to lock you into a preconceived scenario of the future making it more difficult for you to adapt to unforeseen events.Futures trading is not like betting on a horse race. In futures trading you can change your bet as the race progresses. In trading, as soon as you make a specific prediction about where a market is going, you sacrifice your freedom. A trader must always feel free to change trading positions on very short notice. And most importantly, you do not need to be good at predicting to do well at trading. If making predictions can be quite harmful and you do not need to be good at predicting in order to be successful, why bother with predicting at all?"

--- Chick Goslin