Author Topic: TRADING PHILOSOPHY (Read 3383 times)

infinitipoint · « **Reply #1 on:** Jan 07, 2008, 11:48 AM »

"One evening, while having dinner with a fundamentalist, I accidentally knocked a sharp knife off the edge of the table. He watched the knife twirl through the air, as it came to rest with the pointed end sticking into his shoe. Why didn't you move your foot? I exclaimed. I was waiting for it to come back up, he replied."

Posted on: Jan 07, 2008, 11:45 AM

"I always laugh at people who say, I've never met a rich technician. I love that! It is such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician."

Posted on: Jan 07, 2008, 11:46 AM

"The way to build [superior] long-term returns is through preservation of capital and home runs...When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig."

Posted on: Jan 07, 2008, 11:47 AM

"One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits."

Lightwind_99 · « **Reply #2 on:** Jan 07, 2008, 12:15 PM »

I want to add this

"If past history was all there was to the game, the richest people would be librarians"

infinitipoint · « **Reply #3 on:** Jan 10, 2008, 10:56 AM »

There is a big difference between an analyst and a trader.

An analyst can almost say anything without exposure to risk. The trader on the other hand, puts his trade money where his idea is.

infinitipoint · « **Reply #4 on:** Jan 11, 2008, 05:07 PM »

"Underlying fundamentals often didn't matter, it was about who blinked first."

Lightwind_99 · « **Reply #5 on:** Jan 14, 2008, 04:58 PM »

In trading, It's "not HOPE" that saves you....it's "FEAR".

infinitipoint · « **Reply #6 on:** Jan 15, 2008, 12:13 PM »

"No mistakes made, no lessons learned."
Posted on: Jan 15, 2008, 12:04 PM

How do yu make money by winning only 40% of your trades? two words-Risk Management.

benz666 · « **Reply #7 on:** Jan 15, 2008, 02:32 PM »

just to add to sayings.

"consider your losses as tuition fee in the markets. "
"let market action tell you whether you right or wrong."
"consider markets as a zero-sum game."

infinitipoint · « **Reply #8 on:** Jan 16, 2008, 11:50 AM »

Three kinds of market positions; Long(buy), Short(Sell), and Sideline(No position).

infinitipoint · « **Reply #9 on:** Jan 18, 2008, 02:14 PM »

The quest for the holy grail trading is never ending. Because there is no such thing.

Lightwind_99 · « **Reply #10 on:** Jan 18, 2008, 02:21 PM »

The only so called "holy grail" in trading is "Self-discipline"

Lightwind_99 · « **Reply #11 on:** Jan 22, 2008, 12:31 PM »

A saying goes "How can one understand numbers? it's impossible! unless you have common sense."

steward · « **Reply #12 on:** Jan 22, 2008, 02:39 PM »

OUT OF TOPIC
Hi Lightwind_99. Thanks for your PM re ebook on forex. I have tried several times to send a reply but i cannot see/hear the images/letters that I am supposed to type to confirm PM. Would you please text me your mobile no and email address to 0922 8802305?

Thanks!
Steward

gnhong · « **Reply #13 on:** Jan 22, 2008, 03:08 PM »

Off topic

@steward
You need to at least have 3 posts before you can PM.
Now that you have 3 posts, you should be able to reply without need for the letters thing.

Cheers!