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Traders Quotes

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Traders Quotes

“The traders standing nearby, or really most anyone doing just well enough to pay for the services of people like him, needed to be reassured that those they were considering hiring were in a state of sufficient wretchedness that they could be paid as little as possible for their labor, and never succeed enough to pull themselves up from that state. Thus, the boss men reassured themselves of their own importance. Pull-down-and-keep-down syndrome was how Elimane thought of it.”

PovertyDishonestyTradersSyndrome
Book:Little Family
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“A trader needs to be highly skilled and extremely lucky to beat the market consistently. If a trader is highly skilled but not lucky enough or extremely lucky but modestly skilled, he will beat the market occasionally but not consistently. Traders that are modestly skilled and modestly lucky will briefly beat the market but will be behind the market most of the time. Everybody else will lose money on a long-term basis, that is, 90% of the traders.”

LuckInvestingTradingTradersMarketsTrading PsychologyProbabilitiesInvestor
Author:Naved Abdali
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“The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?”

ThinkingMenMadeIdeasSelfGovernmentPoliticalEnemyPrinciplesEconomyImpossibleKingsProveEssentialsArgumentLaborTradeSlaveBonesDisappearFinanceDestroyedChiefsContradictionFlatsPopeSubmissionMonopolyAdviseDespotismAbolishThink Of MeContentionFree TradeTradersOligarchySelf-governmentTariffsPolitical EconomyUsuryLabor And Capital
Author:Ezra Heywood
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“The Merchants of Carolina, are fair, frank Traders.”

FairsFrankMerchantsCarolinaTraders
Book:The History of Carolina: Containing the Exact Description and Natural History of that Country, Together with the Present State Thereof and a Journal of a Thousand Miles Traveled Through Several Nations of Indians, Giving a Particular Account of Their Customs, Manners, &c., &c
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“In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more or less free hand in the cultural field. By frustrating the scribe's craving for commanding action, the trader draws upon himself the scribe's wrath and scorn.”

HandsActionGivenFieldsDrawsManagementAffairWrathFrustratingCravingScornTradersScribes
Book:Between the Devil and the Dragon: The Best Essays and Aphorisms of Eric Hoffer
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“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.”

IfsHumansLongEnoughHandsHappensRunningCertainGamesWinningProcessLosesNumbersPlayerHabitInvolvedSkillsNormalFlowMajorityTendenciesMinoritiesStakesLong RunsTradingEquityPersistentImplicationsParticipantsConcentratingTradersAccelerateBetting
Author:William Eckhardt
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“To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.”

NeedsIdeasAbleLawTermLossAbilityCuttingRiskInformationHabitFlowOvercomingEdgesUncertaintyCharacteristicsProbabilityMarketplaceTradersRecommendationsFerretsInformation Flow
Author:Ari Kiev
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“When your account has these massive swings up and down, there's a tendency to feel a rush when the market is going your way and devastation when it's going against you. These emotions do absolutely nothing to make you a good trader. It's far better to keep the equity swings manageable and strive for a sense of balance each day, no matter what happens.”

WayFeelsMatterHappensEmotionBalanceAccountsNo Matter WhatStriveTendenciesEach DayMassiveSwingsEquityUp And DownAbsolutely NothingTradersDevastationManageable
Author:Tom Basso
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“Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is just around the corner, and that his luck is about to turn. He keeps putting on more trades and increases his size, all the while digging himself a deeper hole in the ice. The sensible thing to do would be to reduce your trading size and then stop and review your system.”

ThinkingWayTryingWould BeTurnsSuccessfulLosingIncreaseLuckTradeSizeCornersDeeperHolesIceThings To DoReviewsLoserSensibleTradingKeep TryingDiggingStreaksAround The CornerTraders
Author:Alexander Elder
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“If he descended from heaven today the great warrior who beat the money-traders you would shout your "crucifige!" and nail him to the cross which he himself bore. But he mildly smiles upon your hate: "The truth will prevail, even if the bearer falls; the faith will live, for I give my life ... and stand tall at the cross for all warriors of the world.”

IfsWorldGivingTodayHateFallHeavenBeatsCrossesWarriorTallBoresNailsGreat WarTradersGreat WarriorTruth Will Prevail
Author:Baldur von Schirach
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“The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.”

PersonsFactsSeemsWalksTruth IsSkillsScientistFormalTradingRocketsSurfTradersWalks Of LifeFormal EducationTrading Floor
Author:Linda Bradford Raschke
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“Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.”

NeedsMindWellsFeelingsThreeSpaceSuccessfulPsychologyFocusDependsMassMethodSellsManageFirmAnalysisPullingTradingTriggersBeginnersTradersStock OptionsPulling The Trigger
Author:Alexander Elder
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“Having observed his market calls real time over the years, I can say that Jason Perl's application of the DeMark Indicators distinguishes his work from industry peers when it comes to market timing. This book demonstrates how traders can benefit from his insight, using the studies to identify the exhaustion of established trends or the onset of new ones. Whether you're fundamentally or technically inclined, Perl's DeMark Indicators is an invaluable trading resource.”

YearsI CanBookRealStudyIndustryBenefitsResourcesInsightTrendsApplicationTimingPeersTradingExhaustionJasonInvaluableTradersIndicatorsPerlMarket Timing
Author:Leon G. Cooperman
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“Setting aside the vast herd which shows no definable character at all, it seems to me that the minority distinguished by what is commonly regarded as an excess of sin is very much more admirable than the minority distinguished by an excess of virtue. My experience of the world has taught me that the average wine-bibbler is a far better fellow than the average prohibitionist, and that the average rogue is better company than the average poor drudge, and that the worst white-slave trader of my acquaintance is a decenter man than the best vice crusader.”

MenWorldCharacterShowsSeemsSinWhitePoorCompanyVirtueWorstTaughtFellowsWineSlaveAverageVicesSettingSettingsMinoritiesExcessAcquaintanceDistinguishedHerdsAdmirableRoguesTraders
Author:H. L. Mencken
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“Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance.”

AnswersSuccessfulInformationIgnoranceKeysSkillsInvestingIgnorantFirmSufficientCrucialTradingProspectsTraders
Book:Thinking, Fast and Slow
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“Most traders believe that 'getting into the zone' happens when you have 'a hot streak.' I believe you can create the zone. The zone is a psychological state. It is when you are focused, disciplined, and fully engaged in the process at hand . . . trading in the zone will certainly increase your capacity to perform and succeed.”

BelieveStatesHandsHappensI BelieveProcessSucceedCapacityIncreaseHotFocusedPsychologicalEngagedZoneTradingStreaksBelieve You CanTraders
Book:Trading in the Zone: Maximizing Performance with Focus and Discipline
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“Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.”

IfsThinkingKnowsWantShouldRealityHappensActionWealthSuccessfulBuildingManagementBeing SuccessfulCrucialTradingCornerstonesTradersMoney ManagementMaking A LivingBuilding Wealth
Author:Jeff Cooper
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“If possible, be Russian. And live in another country. Play chess. Be an active trader between languages. Carry precious metals from one to the other. Remind us of Stravinsky. Know the names of plants and flying creatures. Hunt gauzy wings with snares of gauze. Make science pay tribute. Have a butterfly known by your name.”

IfsKnowsLifeCountryPlayNamesLanguagePayKnownCreaturesWingsPlantActiveChessFlyingMetalsButterflyHuntsTributeTradersSnaresStravinskyPrecious Metal
Author:Vladimir Nabokov
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