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Archives of “January 2, 2019” day
rss9 -Aphorisms for Trading
“We depend on our opponents bad moves to make some wins.”
“Sometimes you have your opponent exactly where he wants you… and then it’s too late.”
“A trade once made can never be unmade.”
“There is a time to attack, and a time to defend–and a time to wait.” (the summer markets favor the latter).
“When your opponent offers you a piece as a gift. It is often better to just say no.”
“Instead of trying to learn all the openings it might be wise to just adopt two of three favorites.”
“Trading is like checkers. A single bad move can create a domino effect– and lead to loss.”
“After 15 years of paying checkers I’ve learned one thing. Those who hesitate are those who win the gold.”
“Cocksureness in checkers, trading or life is the badge of ignorance.”
Dr. Randy Pausch Speech
Here is an inspirational speech from Dr. Randy Pausch, the late college professor. Check out his words of wisdom for us all:
Looking at Trading Screen -Thinking Everything is Normal (Consider Yourself as Number one Fool )
— ⚡PHOTOS & BACON⚡ (@photosandbacon) June 9, 2016
So much Manipulation +Insider Trading +Many More things happening……………..But nobody can catch Culprits. 
pic.twitter.com/3P5ShrtXJ0
— ⚡PHOTOS & BACON⚡ (@photosandbacon) June 9, 2016
20 Cognitive Biases
Two Great Quotes
How Interest Rates Affect Stock Market Performance
Traders Must Try These Options :Try If U get !
9 Things Jesse Livermore said regarding excessive trading
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
8. “Don’t give me timing, give me time.”
and finally, the most important thing: (more…)
Admit when you're wrong… and profit
In trading, it’s best to quickly admit when you’re wrong. If you can keep your losses to a minimum, you will be able to preserve your trading capital (along with your mental capital) and improve your odds of profiting from future opportunities. As Jesse Livermore once said, “I have long since learned, as all should learn, not to make excuses when wrong. Just admit it and try to profit from it.”
