QUOTES AND APHORISMS ON TRADING

Definition of Stock: A stock (also known as an equity or a share) is a portion of the ownership of a corporation. A share in a corporation gives the owner of the stock a stake in the company and its profits. If a corporation has issued 100 stocks in total, then each stock represents a 1% ownership in the company.

It's an extremely good thing that money sometimes changes hands.
Carl William Brown  www.daimontraders.com

Life is either a daring adventure or nothing.
Helen Keller

First of all you must keep well in mind that a complete trading system covers each of the decisions required for successful trading, that is:
Markets: What to buy or sell
Position Sizing: How much to buy or sell
Entries: When to buy or sell
Stops: When to get out of a losing position
Exits: When to get out of a winning position
Tactics: How to buy or sell
Daimon Traders

To be a trader or an investor first you must have some money (a lot is better), and then you should learn and practice some financial activities. The problem arises if you don't have money, then what you necessarily need is vast knowledge and great skilfulness. In any case you must be very very careful, because the market is always there, ready to fuck you! Alternatively, if you are still young, you might try to become a manager, and consequently get rich working hard and earning a lot, so that you can afford some professional financial advisors.
Carl William Brown

The market does not know you exist. You can do nothing to influence it. You can only control your behavior.
Alexander Elder

The most important thing about making money is not to let your losses get out of hand!
Marty Schwartz

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
Jesse Livermore

Doing trading means challenging yourself first and then the market; that's why you must know a lot about stupidity!
Carl William Brown  www.master-trading.com

The quality of a person's life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavor.
Vince Lombardi

There are only two kinds of traders. Winners... and Losers. Ninety-five out of one hundred don�€™t make it in this field.

Zoran Kolundzic

Learn from your losses, you paid for them.
The Wise Trader

The rich are those who play to win. The middle class plays not to lose.
Robert Kiyosaki

It is essential to wait for trades with a good risk/reward ratio. Patience is a virtue for a trader.
Alexander Elder

Be patient! Patience is one of the key ingredients to reaping large profits. It can be very difficult to sit idle when I am surrounded by all the action of the market, yet sometimes the best course of action is to do nothing at all. I make far more money when I wait for the best set-ups, wait for the best entries, and wait for the best exits.
Gregg aka LX21

Be true to the game, because the game will be true to you. If you try to shortcut the game, then the game will shortcut you. If you put forth the effort, good things will be bestowed upon you. That's truly about the game, and in some ways that's about life too.
Michael Jordan

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
Robert Kiyosaki

Remember it takes volume to move stocks, so start getting to know your stocks volume behavior and then how it reacts to spikes in volume. You can see these spikes on any chart. Volume is the key to your stocks movement and success or failure.
Dan Zanger

Swing trading is a good fit for a minority of the population. It involves tremendous amounts of responsibility. You must rely on yourself and can't be reckless or prone to gambling. If you are not disciplined, you may end up with no income (or worse).
Omar Bassal

It pays to write down your plan. You need to know exactly under what conditions you will enter and exit a trade. Do not make decisions on the spur of the moment, when you are vulnerable to being sucked into the crowd. Plans are created by reasoning individuals. Impulsive trades are made by sweaty group members.
Alexander Elder

To do the job right requires such an enormous amount of concentration. It is physically and emotionally mandatory that you find some time to relax. And you have got to be able to turn it off like that. There will be times though that I get so incredibly excited about a trade or even a project that I'll wake up at 4 o'clock in the morning and there's no way in hell that I'm going back to sleep. I'll sit there in my dreams and trade for four hours.
PTJ

Michael [Marcus] taught me one thing that was incredibly important. He taught me that you could make a million dollars. He showed me that if you applied yourself, great things could happen. It is very easy to miss the point that you really can do it. He showed me that if you take a position and use discipline, you can actually make it.
Bruce Kovner

I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.
Paul Tudor Jones

The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE's?
Paul Tudor Jones

Perseverance is the hard work you do after you get tired of doing the hard work you already did.
Newt Gingrich

Do not strive for things occurring to occur as you wish, but wish the things occurring as they occur,
and you will flow well.
Michael W. Covel

Speculation is far too exciting. Most people who speculate hound the brokerage offices... the ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements.
Jesse Livermore

If you limit your actions in life to things that nobody can possibly find fault with, you will not do much.
Charles Dodgson

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.
Jack D. Schwager

Investment banks are pyramid schemes controlled by the upper class.
J.P. Morgan

It is impossible to predict with any certainty how the overall stock market will behave. This is why there is so much risk associated with this form of investment. That is why if you are not a professional trader you must wait for the good chance of your life!
Carl William Brown  https://www.facebook.com/TradingLovers/

There are old traders; and there are bold traders; but there are no old bold traders.
The Turtles

Experience is that marvelous thing that enables you to recognize a mistake when you make it again.
Franklyn P. Jones

Media, the plural of mediocrity.
Jimmy Breslin

When the bull market ended in 2000, so did many traders' accounts.
Daimon Traders

I want to trade successfully in the short period, I am not interested in keeping a stock for years, since in the long period we will be all dead, and I am not so young anymore! I obviously know that doing like this I loose some very good opportunities!
Carl Wiliam Brown

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.
Jesse L. Livermore

All our life is nothing but a stupid trade, a poor bet, and in the end we are going to loose the whole capital, if any!
Carl William Brown

All our life is nothing but a stupid trade, a poor bet, that's why you must learn a lot about trading and stupidity!
Carl William Brown

I want to trade successfully in the short period, I am not interested in keeping a stock for years, since in the long period we will be all dead, and I am not so young anymore! I obviously know that doing like this I loose some very good opportunities!
Carl William Brown

I always believe that prices move first and fundamentals come second.
Paul Tudor Jones

It is not that we had any unfair knowledge that other people didn't have, it is just that we did our homework.
Paul Tudor Jones

Don't judge each day by the harvest you reap but by the seeds that you plant.
Robert Louis Stevenson

Determine to become one of the best... Sufficient money will almost automatically follow if you get to be one of the "best" in your chosen field, whatever it is.
Don G Mitchell

Whenever I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I started to trade; I have always made money in my operations.
Jesse Livermore

Achievement is not always success, while reputed failure often is. It is honest endeavour, persistent effort to do the best possible under any and all circumstances.
Orison Swett Marden

Decrease your trading volume when you are trading poorly; increase your volume when you are trading well.
Paul Tudor Jones

I usually ignore advice from other traders, especially the ones who believe they are on to a "sure thing". The old timers, who talk about "maybe there is a chance of so and so", are often right and early.
ED sykota

Fundamentalists figure things out and anticipate change. Trend followers join the trend of the moment. Fundamentalists try to solve their feelings. Trend followers join their feelings and observe them evolve and dis-solve.
ED sykota

My goal is to finish each day with more than I started.
Paul Tudor Jones

Most men fail, not through lack of education, but from lack of dogged determination, from lack of dauntless will.
Orison Swett Marden

A good system may be able to trade more markets effectively than a good trader because it has the advantage of unlimited computing power.
Paul Tudor Jones

The speculator's chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation, when the market goes against you, you hope that every day will be the last day-and you lose more than you should had you not listened to hope.
Jesse Livermore

There is a time to go long. There is a time to go short. There is a time to go fishing.
Jesse Livermore

Some of the best trades come when everyone gets very panicky. the crowd can often act very stupidly in the markets. you can picture price fluctuations around an equilibrium level as a rubber band being stretched-if it gets pulled too far, eventually it will snap back. as a short term trader, i try to wait until the rubber band is stretched to its extreme point.
Linda Bradford Raschke

The position size on a trade is determined by the stop, and the stop is determined on a technical basis.
Bruce Kovner

One mustn't allow acting to be like stockbroker, you must not take it just as a means of earning a living, to go down every day to do a job of work. The big thing is to combine punctuality, efficiency, good nature, obedience, intelligence, and concentration with an unawareness of what is going to happen next, thus keeping yourself available for excitement.
John Gielgud

Between eighteen and twenty, life is like an exchange where one buys stocks, not with money, but with actions. Most men buy nothing.
Andre Malraux

A stockbroker urged me to buy a stock that would triple its value every year. I told him, ''At my age, I don't even buy green bananas.
Claude D. Pepper

Back then, if you had a sore arm, the only people concerned were you and your wife. Now it's you, your wife, your agent, your investment counselor, your stockbroker, and your publisher.
Jim Bouton

On facebook I created a page and I called it "trading lovers" because as a matter of fact, love is nonetheless a form of trading.
Carl William Brown

If you are a good trader you can steal money from the rich legally, because it's an extremely good thing that money sometimes must change hands.
Carl William Brown

If All the Economists Were Laid End to End, Would They Reach a Conclusion?
George Bernard Shaw

Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.
Julian Baggini

In economics, the majority is always wrong.
John Kenneth Galbraith

Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith

I'm only rich because I know when I'm wrong.
George Soros

To learn how to be a good trader you must first learn how to become a real cynic!
Carl William Brown

If a business does well, the stock eventually follows.
Warren Buffett

It is very vulgar to talk about one's business. Only people like stockbrokers do that, and then merely at dinner parties.
Oscar Wilde

I feel an earnest and humble desire, and shall till I die, to increase the stock of harmless cheerfulness.
Charles Dickens

The most valuable things in life are not measured in monetary terms. The really important things are not houses and lands, stocks and bonds, automobiles and real state, but friendships, trust, confidence, empathy, mercy, love and faith.
Bertrand Russell

Imagine spending four billion years stocking the oceans with seafood, filling the ground with fossil fuels, and drilling the bees in honey production -- only to produce a race of bed-wetters!
Barbara Ehrenreich

Whenever there are in any country uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on. The small landowners are the most precious part of a state.
Thomas Jefferson

You need to have enough immediate profits that you can finance the long-range growth without diluting the stock.
Paul Cook

Don't gamble; take all your savings and buy some good stock and hold it till it goes up. If it don't go up, don't buy it.
Will Rogers

Is it not odd that the only generous person I ever knew, who had money to be generous with, should be a stockbroker.
Percy Bysshe Shelley

You cannot do a goal. Long-term planning and goal-setting must therefore be complemented by short-term planning. This kind of planning requires specifying activities. You can do an activity. Activities are steps along the way to a goal. Let's say you desire security. Putting $10.00 in the bank or talking to your stockbroker about your investment plans are activities that will move you toward your goal.
Alan Lakein

You cannot do a goal. Long-term planning and goal-setting must therefore be complemented by short-term planning. This kind of planning requires specifying activities. You can do an activity. Activities are steps along the way to a goal. Let's say you desire security. Putting $10.00 in the bank or talking to your stockbroker about your investment plans are activities that will move you toward your goal.
Alan Lakein

Give me a stock clerk with a goal and I'll give you a man who will make history. Give me a man with no goals and I'll give you a stock clerk.
J. C. James Cash) Penney (1875-1971, American Retailer, Philanthropist, Founder JC Penny's

Physically there is nothing to distinguish human society from the farm-yard except that children are more troublesome and costly than chickens and calves and that men and women are not so completely enslaved as farm stock.
George Bernard Shaw

When you see a great deal of religion displayed in his shop window, you may depend on it, that he keeps a very small stock of it within.
Charles Haddon Spurgeon

Gambling with cards or dice or stocks is all one thing. It's getting money without giving an equivalent for it.
Henry Ward Beecher

With an evening coat and a white tie, anybody, even a stock broker, can gain a reputation for being civilized.
Oscar Wilde

There is no such thing as ''the Queen's English.'' The property has gone into the hands of a joint stock company and we own the bulk of the shares!
Mark Twain

Leadership in today's world requires far more than a large stock of gunboats and a hard fist at the conference table.
Hubert H. Humphrey

A man should keep his little brain attic stocked with all the furniture that he is likely to use, and the rest he can put away in the lumber room of his library, where he can get it if he wants it.
Sir Arthur Conan Doyle

There exists, between people in love, a kind of capital held by each. This is not just a stock of affects or pleasure, but also the possibility of playing double or quits with the share you hold in the other's heart.
Jean Baudrillard

Marrying to increase love is like gaming to become rich; alas, you only lose what little stock you had before.
William Wycherley

A pretty little collection of weaknesses and a terror of spiders are our indispensable stock-in-trade with the men.
Sidonie Gabrielle Colette

I consider that a man's brain originally is like a little empty attic, and you have to stock it with such furniture as you choose.
Sir Arthur Conan Doyle

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Warren Buffett

We Americans have the chance to become someday a nation in which all radical stocks and classes can exist in their own selfhoods, but meet on a basis of respect and equality and live together, socially, economically, and politically. We can become a dynamic equilibrium, a harmony of many different elements, in which the whole will be greater than all its parts and greater than any society the world has seen before. It can still happen.
Shirley Chisholm

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Warren Buffett

One cannot expect to coast along and rise automatically to the top, no matter what friends you may have in the company. There may have been a time when, in large corporations, a person could rise simply because he had a stock interest or because he had friends in top management. That's not true today. Success in business requires training and discipline and hard work. But if you're not frightened by these things, the opportunities are just as great today as they ever were.
David Rockerfeller

There is no shadow of protection to be had by sheltering behind the slender stockades of visionary speculation, or by hiding behind the wagon-wheels of pacific theories.
Madame Chiang Kai-Shek

The pornography of violence of course far exceeds, in volume and general acceptance, sexual pornography, in this Puritan land of ours. Exploiting the apocalypse, selling the holocaust, is a pornography. For the ultimate selling job on ultimate violence one must read those works of fiction issued by our government as manuals of civil defense, in which you learn that there's nothing to be afraid of if you've stockpiled lots of dried fruit.
Ursula K. Le Guin

Rationalists are admirable beings, rationalism is a hideous monster when it claims for itself omnipotence. Attribution of omnipotence to reason is as bad a piece of idolatry as is worship of stock and stone believing it to be God. I plead not for the suppression of reason, but for a due recognition of that in us which sanctifies reason.
Mahatma Gandhi

Self-denial is indispensable to a strong character, and the highest kind comes from a religious stock.
Theodore Parker

The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech.
John Mortimer

October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.
Mark Twain

I have, thanks to my travels, added to my stock all the superstitions of other countries. I know them all now, and in any critical moment of my life, they all rise up in armed legions for or against me.
Sarah Bernhardt

Theories are private property, but truth is common stock.
Charles Caleb Colton

I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea. Never as then, amid suicides, hysteria, and groups of fainting people, have I felt the sensation of real death, death without hope, death that is nothing but rottenness, for the spectacle was terrifying but devoid of greatness... I felt something like a divine urge to bombard that whole canyon of shadow, where ambulances collected suicides whose hands were full of rings.
Federico Garcia Lorca

I was always embarrassed by the words sacred, glorious and sacrifice and the expression in vain. We had heard them, sometimes standing in the rain almost out of earshot, so that only the shouted words came through, and had read them, on proclamations that were slapped up by billposters over other proclamations, now for a long time, and I had seen nothing sacred, and the things that were glorious had no glory and the sacrifices were like the stockyards at Chicago if nothing was done with the meat except to bury it.
Ernest Hemingway

Such a wife as I want... must be young, handsome I lay most stress upon a good shape, sensible a little learning will do, well-bread, chaste, and tender. As to religion, a moderate stock will satisfy me. She must believe in God and hate a saint.
Alexander Hamilton

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