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Hope Quotes for Traders

  
  Education
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hope-trader“The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear… The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.”

– Reminiscences of a Stock Operator 

“Hope is not a strategy.”

– Rigo Durazo

“There is no worse course in leadership than to hold out false hopes soon to be swept away.”

– Winston Churchill

“It is not enough to rely on luck or hope to carry us past the weak parts of our game. These parts must be attended to. The system must be whole and complete.”

– Zen and the Art of Poker (more…)

Explanatory Style

  
  Education
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pessimist-optimistThe way you respond to winning and losing periods will depend largely upon your explanatory sytle.How do you ex-plain misfortune ?How do you explain good fortune ?In short ,are you basically optimistic or pessimistic in regards to trading ?

When a good thing happens to an optimist ,he says it’s permanent ,pervasive and personal.When a good thing happens to pessimist ,he says it’s temorary ,specific ,and not personal.Conversely ,when a bad thing happens to an optimist ,then he says it’s temporary ,specific ,and not personal.When a bad thing happens to a pessimist ,he says it’s permanent ,pervasive ,and personal.

Inspirational Quotes

  
Education, Life
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1. “Great spirits have always encountered violent opposition from mediocre minds.” – Albert Einstein

2. “Act now. There is never any time but now, and there never will be any time but now.” – Wallace Wattles

3. “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Aristotle

4. “The greatest discovery of my generation is that a human being can alter his life by altering the attitudes of his mind.” – William James

5. “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” – Charles Darwin

6. “There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

7. “In three words I can sum up everything I’ve learned about life: It goes on.” – Robert Frost

8. “You’ve got to win in your mind before you win in your life.” – John Addison

9. “Life shrinks or expands in proportion to one’s courage.” – Anais Nin

10. “An ounce of doing things is worth a pound of theorizing.” – Wallace Wattles

11. “The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” – Winston Churchill

12. “Our ultimate freedom is the right and power to decide how anybody or anything outside ourselves will affect us.” – Stephen Covey

13. “The aim of an argument or discussion should not be victory, but progress.” – Joseph Joubert

14. ”Destiny is not a matter of chance, it is a matter of choice; it is not a thing to be waited for, it is a thing to be achieved.” – Winston Churchill

15. “Don’t wait for a light to appear at the end of the tunnel Stride down there and light the bloody thing yourself.” – Dara Henderson

16. “Your life does not get better by chance, it gets better by change.” – Jim Rohn

17. “Vision without action is just a dream, action without vision just passes the time, vision with action can change the world” – Nelson Mandela

18. “Only those who will risk going too far can possibly find out how far one can go.” – T.S. Eliot

19. “To live is the rarest thing in the world. Most people exist, that is all.” – Oscar Wilde

20. “Freedom is not the absence of commitments, but the ability to choose yours.” – Paulo Coelho

21. “Conformity is the jailer of freedom and the enemy of growth.” – John F. Kennedy

22. “I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day.” – James Joyce

23. “I have learned that it’s not WHAT I have in my life but WHO I have in my life that counts.” – Unknown

24. “Go confidently in the direction of your dreams. Live the life you have imagined.” – Henry David Thoreau

25. “If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.” – Jim Rohn (more…)

Winston Churchill for Traders and Analysts

  
  Education
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Twenty five quotes from Winston Churchill for traders and financial analysts:

1. I love this war. I know it’s smashing and shattering the lives of thousands every moment — and yet — I can’t help it — I enjoy every second of it. (A letter to a friend, 1916)

2. I pass with relief from the tossing sea of Cause and Theory to the firm ground of Result and Fact. (The Story of the Malakand Field Force, 1898)

3. True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.

4. The truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but there it is. (Speech in the House of Commons, May 17, 1916)

5. Success is not final, failure is not fatal: it is the courage to continue that counts. (The Prodigal Project : Book I)

6. It is a mistake to look too far ahead. Only one link in the chain of destiny can be handled at a time. (Speech in the House of Commons, February 27, 1945) (more…)

Which type of trader?

  
  Education
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Which type of trader?

Traders

Please which one of the following belong to you?

there are many type of traders, an awareness of the varieties allows you to avoid the pitfalls.

THE DISCIPLINED TRADER.

This is the ideal type of trader, you take your profits and loses with ease, you focus on your system and follow it with discipline.Trading is usually a relax activity,you appreciate that a loss does not make you a looser.

THE DOUBTER.

you find it difficult to execute at signals, you doubt your won abilities.You need to develop confidence.Perhaps you should paper trade.

BLAMER

All losses are someones else ‘s fault, you blame bad fills, your broker for picking the phone up to slowly , our system for not being perfect, you need to regain your objectivity and self-responsibility.

VICTIM

You blame yourself, you feel the market is out to get you, you start becoming superstitious in your trading.

OPTIMIST.

You start thinking it’s only money , ill make it back later. you think all losses will bounce back to profits, or that you will start trading properly tomorrow.

GAMBLER.

You are in for the trill, Money is a side issue. Risk and reward analysis hardly figure in your trade, You want to be a player, want the buzz and excitement.

TIMID.

You enter a trade, but panic at the sight of a profit and take it far to soon, Fear rules your trading.

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