There are times when playing the stock market that your money should be inactive - waiting on the sidelines in cash - waiting to come into play.
In the stockmarket - time is not money - time is time and money is money.
Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience.
Patience is the key to success not speed.
Time is a cunning speculator's best friend if he uses it right.
Remember the clever speculator is always patient and has a reserve of cash.
Jesse Livermore
Sunday, May 9, 2010
Wednesday, March 3, 2010
Warren Buffet’s Investment & Life Wisdoms
Spending: If you buy things you don't need, you'll soon sell things you need.
Savings: Don't save what is left after spending; spend what is left after saving.
Hard work: All hard work brings profit; but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.
Borrowings: The borrower becomes the lender's slave.
Accounting: It's no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet.
Investment: Don't put all your eggs in one basket.
By: Warren Buffet
Savings: Don't save what is left after spending; spend what is left after saving.
Hard work: All hard work brings profit; but mere talk leads only to poverty.
Laziness: A sleeping lobster is carried away by the water current.
Earnings: Never depend on a single source of income.
Borrowings: The borrower becomes the lender's slave.
Accounting: It's no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the depth of the river with both feet.
Investment: Don't put all your eggs in one basket.
By: Warren Buffet
Wednesday, October 21, 2009
The Limit of Your Abilities
When a man has put a limit on what he WILL do,
he has put a limit on what he CAN do.
Charles Schwab
he has put a limit on what he CAN do.
Charles Schwab
Labels:
Motivation / Wisdom Quotes
Sunday, October 11, 2009
Good Trading Quotes from “Techniques of Tape Reading”
This (Trading) is not a job where you get paid by the hour.
You get paid for doing the right thing.
Forget that your money is at stake. Money in trading account is just a tool for making money. Preserve your tool. You need it to make money.
Don’t let the outcome of one trade alter your trading discipline. One trade doesn’t make a system…
Trading is a game of probabilities. You don’t have to be right every time. You just have to follow your rules.
You decide your fate; the market doesn’t.
Pure followers of stock pickers will never be around… Learn or you are bankrupt.
Be aggressive in trending market and conservative in choppy market.
Take home runs when you can, but don’t beat yourself up about missing a few.
One trade should never make or break your account.
Vadym Graifer & Christopher Schumacher, Techniques of Tape Reading
Source: http://simplyoptionstrading.blogspot.com/2007/09/quotable-quotes.html
You get paid for doing the right thing.
Forget that your money is at stake. Money in trading account is just a tool for making money. Preserve your tool. You need it to make money.
Don’t let the outcome of one trade alter your trading discipline. One trade doesn’t make a system…
Trading is a game of probabilities. You don’t have to be right every time. You just have to follow your rules.
You decide your fate; the market doesn’t.
Pure followers of stock pickers will never be around… Learn or you are bankrupt.
Be aggressive in trending market and conservative in choppy market.
Take home runs when you can, but don’t beat yourself up about missing a few.
One trade should never make or break your account.
Vadym Graifer & Christopher Schumacher, Techniques of Tape Reading
Source: http://simplyoptionstrading.blogspot.com/2007/09/quotable-quotes.html
Labels:
Discipline,
Money Management,
Trading Quotes
Wednesday, October 7, 2009
Warren Buffett’s Investment Wisdom
You want to be greedy when others are fearful,
and you want to be fearful when others are greedy.
Billionaire Warren Buffett
and you want to be fearful when others are greedy.
Billionaire Warren Buffett
Labels:
Trading Philosophy,
Trading Quotes
Friday, October 2, 2009
Don’t Ever Quit
Success seems to be connected with action.
Successful people keep moving.
They make mistakes, but they don't quit.
Conrad Hilton
Successful people keep moving.
They make mistakes, but they don't quit.
Conrad Hilton
Labels:
Mistake,
Motivation / Wisdom Quotes
Wednesday, September 30, 2009
Great Minds vs. Small Minds
Great minds discuss Ideas,
Average minds discuss Events,
Small minds discuss People.
Hyman Rickover
Average minds discuss Events,
Small minds discuss People.
Hyman Rickover
Labels:
Motivation / Wisdom Quotes