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10 Inspiring Quotes by Martin Luther King

A prominent leader in the American civil rights movement, Dr. Martin Luther King, Jr. is a national icon revered for his tremendous impact in the history of African Americans. 
In time for Martin Luther King, Jr. Day, observed this year on Monday, January 21, the following is a collection of some of the legend’s most memorable quotes, which together capture his ardent faith in justice and peace. 
1.
ON THE POWER OF LOVE 

“Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.”
2.
ON TOGETHERNESS
“We must live together as brothers or perish together as fools.”
3.
ON THE MEANING OF PEACE
“True peace is not merely the absence of tension: it is the presence of justice.”
4.
ON LEADERSHIP
“Ultimately a genuine leader is not a searcher for consensus, but a molder of consensus.” (more…)

Five Market Scenarios

  1. Bad Markets – A good pattern won’t bail you out of a bad market, so move to the sidelines when conflict and indecision take hold of the tape. Your long-term survival depends on effective trade management. The bottom line: don’t trade when you can’t measure your risk, and stand aside when you can’t find your edge.
  2. Bad Timing – It’s easy to be right but still lose money. Financial instruments are forced to negotiate a minefield of conflicting trends, each dependent on different time frames. Your positions need to align with the majority of these cycles in order to capture the profits visualized in your trade analysis.
  3. Bad Trades – There are a lot of stinkers out there, vying for your attention, so look for perfect convergence before risking capital on a questionable play, and then get out at the first sign of danger. It’s easy to go brain dead and step into a weak-handed position that makes absolutely no sense, whether it moves in your favor or not. The bottom line: it’s never too late to get out of a stupid trade.
  4. Bad Stops – Poor stops will shake you out of good positions. Stops do their best work when placed outside the market noise, while keeping risk to a minimum. Many traders believe professionals hit their stops because they have inside knowledge, but the truth is less mysterious. Most of us stick them in the same old places.
  5. Bad Action – Modern markets try to burn everyone before they launch definable trends. These shakeouts occur because most traders play popular strategies that have been deconstructed by market professionals. In a sense, the buy and sell signals found in TA books are turned against the naïve folks using them.