Nice trading quote

[Ferru123]

“Drink your tea slowly and reverently, as if it is the axis on which the world earth revolves – slowly, evenly, without rushing toward the future. Live the actual moment. Only this moment is life.”
Thich Nhat Han

[Ferru123]

Not a quote, but some advice that's applicable to trading: http://sethgodin.typepad.com/seths_blog ... ckler.html

Euler - Any chance we could have a section in the forum for psychology-related posts, please?

Jeff

[Ferru123]

“Now, be honest. If you have ever bought a stock, why did you buy it and not one of 10,000 others? Of course, you expected the price to go up. But why did you expect that the price would move up? Did you receive a hot tip from your brother-in-law? Did your broker want to reward you as a (supposedly) favored customer? Did you read something in an obscure place? Whatever your reason, somehow you thought that you had the inside track on that stock, and that you knew something the market didn’t. You thought you had an edge, and you wanted to take advantage of your special knowledge. So then you too have a bit (or a lot) of larceny in your heart, and you too want your unfair share of the market. You and I then have something in common; we’re human.”

From The History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff (http://www.amazon.com/History-Greed-Fin ... 0470601809).

Jeff

[Ferru123]

"Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong."

Jim Rogers

[Zenyatta]

Yes, you only need to look at the price movements on the horses close to the off to see that you know jack shit most of the time - track insiders always get it right , and it usually bears no relation to tipsters or your own opinion

And on the few occasions there is something clear-cut, we know genius punters like JollyGreen are out there gobbling up the prices far in advance

I give up Jeff.

[Ferru123]

I give up Jeff.

"Winners never quit and quitters never win."
Vince Lombardi

Jeff

[Zenyatta]

I give up Jeff.

"Winners never quit and quitters never win."
Vince Lombardi

Jeff

Yes, but;

'You gotta know when to hold 'em,
Know when to fold 'em,
Know when to walk away,
Know when to run'
-Kenny Rogers

[Ferru123]

That's true - and also applies to the closing of trades!

Jeff

Yes, but;

'You gotta know when to hold 'em,
Know when to fold 'em,
Know when to walk away,
Know when to run'
-Kenny Rogers

[Zenyatta]

I'm hoping my profit/loss this week will be 'Saved By John' in the 14.20 at Ffos

[Ferru123]

Is it a back or a lay?

Good luck!

Jeff

I'm hoping my profit/loss this week will be 'Saved By John' in the 14.20 at Ffos