Here are some quotes about how democracies die:
- “The death of democracy is not likely to be an assassination from ambush. It will be a slow extinction from apathy, indifference, and undernourishment.” – Robert M. Hutchins
- “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” – Milton Friedman
- “The greatest threat to our democracy is not from foreign adversaries, but from our own divisions, cynicism, and apathy.” – Barack Obama
- “Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education.” – Franklin D. Roosevelt
- “The only thing necessary for the triumph of evil is for good men to do nothing.” – Edmund Burke
- “If we don’t fight for democracy, we might have to live under fascism.” – Unknown
- “Democracy dies in darkness.” – Washington Post motto
- “The price of apathy towards public affairs is to be ruled by evil men.” – Plato
- “The best argument against democracy is a five-minute conversation with the average voter.” – Winston Churchill
- “The death of democracy is not likely to be an event that will be marked by a single, defining moment. Instead, it will be a slow, steady erosion of the values that underpin democracy, until one day we wake up and realize that it is gone.” – David Runciman
Trading can be a tough and unforgiving profession, and many traders learn some harsh lessons along the way. Here are 21 brutal lessons for traders:
- The market is always right, and you are not.
- There is no such thing as a sure thing in trading.
- Never risk more than you can afford to lose.
- Emotions are your worst enemy in trading.
- Greed can be a dangerous motivator.
- Fear can cause you to miss out on profitable opportunities.
- Technical analysis is not foolproof.
- Fundamental analysis is not always reliable.
- Never try to predict the market.
- Don’t get caught up in the hype.
- Trading is not a get-rich-quick scheme.
- Don’t chase after losses.
- Cut your losses quickly and move on.
- Keep your ego in check.
- Don’t let past successes or failures cloud your judgment.
- Success in trading requires continuous learning.
- There is no substitute for hard work.
- Patience is a virtue in trading.
- You don’t need to trade every day.
- Trading is a marathon, not a sprint.
- The most important lesson in trading is to always manage your risk.
These lessons can be difficult to learn, but they are crucial to becoming a successful trader. Keep them in mind as you navigate the markets, and never stop learning and growing as a trader.
Successful traders have a unique set of traits that set them apart from others. Here are 20 essential traits of successful traders:
- Discipline: Successful traders have the discipline to stick to their trading plan and follow their rules.
- Patience: They have the patience to wait for the right trading opportunity to present itself.
- Perseverance: Successful traders persist in their trading activities, even in the face of adversity.
- Focus: They have the ability to stay focused on their trading objectives and not get distracted by outside noise.
- Confidence: Successful traders have confidence in their abilities and their trading strategies.
- Risk management: They understand the importance of managing risk and take steps to minimize potential losses.
- Adaptability: Successful traders are adaptable and can adjust their trading strategies to changing market conditions.
- Objectivity: They are able to stay objective and not let emotions dictate their trading decisions.
- Analytical skills: Successful traders have strong analytical skills and can analyze market data to make informed trading decisions.
- Attention to detail: They pay close attention to detail and can spot trading opportunities that others may overlook.
- Resilience: Successful traders are resilient and can bounce back from losses and setbacks.
- Continuous learning: They have a thirst for knowledge and are continuously learning and improving their trading skills.
- Creativity: Successful traders are creative and can come up with innovative trading strategies.
- Self-awareness: They are self-aware and understand their own strengths and weaknesses as traders.
- Adaptability: They are adaptable and can adjust their trading strategies to changing market conditions.
- Decisiveness: Successful traders can make quick and confident trading decisions.
- Open-mindedness: They are open-minded and willing to consider new ideas and approaches to trading.
- Goal-oriented: Successful traders have clear trading goals and work tirelessly to achieve them.
- Networking: They build relationships with other traders and industry professionals to learn from their experiences and insights.
- Integrity: Successful traders have a strong sense of integrity and operate with honesty and transparency in their trading activities.
Remember, these traits are not innate, and they can be developed over time with practice and dedication. By cultivating these essential traits, you can increase your chances of becoming a successful trader.
Developing good habits is essential for success in any field, and trading is no exception. Here are some atomic habits that can help you become a successful trader:
- Set specific trading goals: Successful traders have clear goals in mind and make a plan to achieve them. Set specific, measurable, achievable, relevant, and time-bound (SMART) goals for your trading activities.
- Follow a trading plan: Develop a well-defined trading plan that outlines your entry and exit criteria, risk management strategies, and other essential trading rules.
- Maintain a trading journal: Keep a detailed record of your trades in a journal, including the reasons for entering and exiting trades, your emotions during the trade, and the outcome. Review your journal regularly to identify areas for improvement.
- Develop a routine: Establish a consistent routine that includes researching, analyzing the markets, and executing trades. Stick to your routine, and don’t let emotions or distractions interfere with your trading activities.
- Practice self-discipline: Develop self-discipline to avoid impulsive trading decisions, such as revenge trading or chasing losses. Stick to your trading plan and follow your risk management strategies.
- Learn from mistakes: Analyze your mistakes and learn from them. Use your trading journal and performance metrics to identify areas for improvement.
- Continuous learning: Stay up-to-date with the latest trading strategies and techniques. Read books, attend webinars, and engage with other traders to expand your knowledge and skills.
Remember, trading is a journey, and success requires patience, discipline, and continuous learning. Develop good habits and stick to them, and you will be on your way to becoming a successful trader.