NexusFi: Find Your Edge


Home Menu

 





Trading related one-liners


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one bijeremiad with 57 posts (50 thanks)
    2. looks_two stephenszpak with 40 posts (66 thanks)
    3. looks_3 Itchymoku with 18 posts (13 thanks)
    4. looks_4 Big Mike with 15 posts (28 thanks)
      Best Posters
    1. looks_one Alan with 10 thanks per post
    2. looks_two mattz with 2.9 thanks per post
    3. looks_3 stephenszpak with 1.7 thanks per post
    4. looks_4 bijeremiad with 0.9 thanks per post
    1. trending_up 203,763 views
    2. thumb_up 780 thanks given
    3. group 107 followers
    1. forum 371 posts
    2. attach_file 9 attachments




 
Search this Thread

Trading related one-liners

  #151 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789

Most people like to think of themselves as risk takers, but what they really want is a guaranteed outcome with some momentary suspense to make them feel as if the outcome had been in doubt. The momentary suspense adds the thrill factor necessary to keep our lives from getting too boring. -- Mark Douglas

You can discover what your enemy fears most by observing the means he uses to frighten you.
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Build trailing stop for micro index(s)
Psychology and Money Management
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
44 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #152 (permalink)
 
CRM5096's Avatar
 CRM5096 
Harrisburg pa
 
Experience: Intermediate
Platform: Tasty
Broker: Tasty Works
Trading: YM
Posts: 118 since Jun 2011
Thanks Given: 56
Thanks Received: 37

every trade is a learning experience for the next trade

some trades your the dog some Trades your the bone






some Trades your the lion some Trades your the monkey


Nothing so Impressive as Simplicity
D.G. Watts
Visit my NexusFi Trade Journal Reply With Quote
  #153 (permalink)
 
stephenszpak's Avatar
 stephenszpak 
Massachusetts (USA)
 
Experience: None
Platform: NinjaTrader
Trading: YM
Posts: 750 since Jun 2009
Thanks Given: 144
Thanks Received: 356


Some days you get the bear and some days the bear gets you.



Colorado Convention Center at Night Stock Photography by Mark Stout

Attached Thumbnails
Click image for larger version

Name:	bear at night.png
Views:	158
Size:	712.6 KB
ID:	65862  
Reply With Quote
  #154 (permalink)
 mrphr 
London
 
Experience: None
Platform: .
Trading: .
Posts: 255 since Apr 2011
Thanks Given: 65
Thanks Received: 182

“Everybody gets what they want out of the market” - Ed Seykota

Reply With Quote
Thanked by:
  #155 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,541

Wrote this in another thread, about the upcoming interview with Jack Schwager on nexusfi.com (formerly [AUTOLINK]BMT[/AUTOLINK]).

---

Lots of famous one-liners in his books, let your winners run, cut losers quick, etc.

Ed Seykota famous for his "Moron rule", where morons keep adding more on to their position when they are wrong. PTJ famous for "Don't focus on making money; focus on protecting what you have."

Marty Schwartz for "Learn to take losses. The most important thing in making money is not letting your losses get out of hand".

Tom Basso for "I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell."

Bruce Kovner "Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose"

Van Tharp "The realization that you are responsible for your results is the key to successful investing. Winners know they are responsible for their results; losers think they are not."

When I first read these passages, they didn't seem particularly insightful (at least to me as a then less experienced trader) but after years of thinking about them and becoming more experienced, they are actually incredibly insightful and really sum things up nicely. What other one-liners can he recall that really separate the successful from the unsuccessful?

---

Wanted to stick them here so I can add them to our database.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #156 (permalink)
 dellcnu 
Dallas, TX
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Mirus/zen-fire
Trading: NQ, ES, 6E
Posts: 98 since Aug 2009
Thanks Given: 102
Thanks Received: 63

The greatest danger for most of us is not that our aim too high and we miss it,
but that it is too low and we reach it.

The greatest danger for most of us is not that our aim too high and we miss it,
but that it is too low and we reach it.
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #157 (permalink)
 DavidK 
Orange County
 
Experience: Beginner
Platform: TOS
Trading: TF, Currency
Posts: 13 since Mar 2012
Thanks Given: 4
Thanks Received: 4

Go with the flow.

Reply With Quote
Thanked by:
  #158 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
Thanks Received: 881


Quoting 
Stockbroker: What is a million years like to you?
God: Like one second.
Stockbroker: What is a million dollars like to you?
God: Like one penny.
Stockbroker: Can I have a penny?
God: Just a second …


Quoting 
How do you define optimism? A PFG employee who irons 5 shirts on a Sunday. (Editor Note: Maybe a little too soon?)

______________________________________________________________________________

If you want a guarantee, buy a toaster. (c) Clint Eastwood


https://www.mrtopstep.com/mr-topsteps-break-from-trading/

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #159 (permalink)
 
bijeremiad's Avatar
 bijeremiad 
San Francisco, CA
 
Experience: Beginner
Platform: IB
Trading: Stocks
Posts: 412 since Jul 2011
Thanks Given: 286
Thanks Received: 346

If you're going to panic, panic early.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #160 (permalink)
 Luger 
Nashville, TN
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: NQ ES
Posts: 468 since Feb 2011
Thanks Given: 323
Thanks Received: 543


Time is only good for winners - Luger

A losers guide to time...

Why did my winning trade turn into a loser? -- Too much time.
Why did my loser get worse? -- Way too much time.
I could have gotten out of that trader breakeven, why didn't I? -- Bad choice of time.
See that loser came back and I broke even, then it went even higher, why didn't I stick with it? -- Ran out of time.
Damn, I blew up my account...How did I do that? -- It is only a matter of time...

A winners guide to time...

Big trade!!! How could you hold that long? -- Needed more time.
Why did you stop that trade so quick for a loss? -- Wrong time.
How did you know to flip short before the huge drop? -- It was about time.
Your loser from this morning went straight to the moon. How did you hold that all day? -- Plenty of time.
Do you think you will be rich some day? -- It is only a matter of time...

Reply With Quote




Last Updated on August 28, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts