rss

Funniest Stock Broker Quotes

“Even though your friend likes the stock thinking people will always need underwear, we have a Sell on the stock, it’s still very, very discretionary spending.”
 
Broker on the phone to a client.
 
 
“Should I ask my girlfriend to live with me?”
 
 “Not if you want to make her happy.”
 
 Floor conversation.
 
 
“I decided to bring my lunch in, instead of buy it. Times are tough.”
 
 “What have you got?”
 
 “Lobster.”
 
Floor conversation.
 
 
“This market is worse than divorce. I’ve lost half my wealth, but I still have my wife.”
 
 Broker on the phone to a client.
 
 
 “The guy says…I need you to…and then he stops because he has to think and talk at the same time.”
Floor conversation. 
 “I’ll do it mate, you can pay me money to do it, but you’re not going to make any money out of it” (more…)

Traders' Resolutions for the New Year-2013

What are our top trading resolutions for 2013?

D  iscipline
R  esults
I  ntegrity
V  ictory (Over Emotions)
E  ducation

Discipline

Most traders could benefit from being more disciplined with their trading. Discipline in trading takes many forms. But it can be summarized as just doing what we know needs to be done.
For example, a common New Year’s resolution is to lose weight. Losing weight is simple in theory—we just need to eat healthy foods and exercise more. Just say no to the doughnut and yes to the salad—simple! Of course, sticking to your plan is anything but easy, which is where discipline comes into play. Just do what we know needs to be done.
If I could target only two things to be more disciplined in next year’s trading they would be:

  1. Cut losing trades: Do everything to keep losses small.
  2. Let profits run: Don’t fall prey to the fear of a small profit slipping away. (more…)
Go to top