Dec 3, 2017

50 Trading Quotes For Traders Who Want To Succeed

50 Trading Quotes For Traders Who Want To Succeed
1.    “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.” – Jesse Livermore
2.    “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
3.    “Everyday I assume every position I have is wrong.” – Paul Tudor Jones
4.    “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”
– Jim Rogers
5.    “You can lose your opinion of you can lose your money.” – Adam Grimes
6.    “I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.” – Larry Hite
7.    “Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota
8.    “Bulls make money, bears make money, pigs get slaughtered.”
9.    “Take your profits or someone else will take them for you.” – J.J. Evans
10. “Beware of trading quotes.” – Andreas Clenow
11. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
12. “There is a huge difference between a good trade and good trading.” – Steve Burns

13. “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
14. “Never let a win go to your head, or a loss to your heart.” – Chuck D.
15. “Some people make shoes. Some people make houses. We make money, and people are willing to pay us a lot to make money for them.” – Monroe Trout
16. “Only The Game , Can Teach You The Game” – Jesse Livermore
17. “Losers average losers.” (Sign in Paul Tudor Jones office).
18. “Trade the market in front of you, not the one you want!” – Scott Redler
19. “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory @SharpTraders
20. “In trading the impossible happens about twice a year.” – Henri M Simoes @TraderHMS
21. “The trend is your friend – until it stabs you in the back with a chopstick.” – @StockCats
22. “He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
23. “Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” – Bruce Kovner
24. “Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
25. “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
26. “A rising tide lifts all boats over the wall of worry and exposes bears swimming naked.” – @StockCats
27. “All you need is one pattern to make a living.” – Linda Raschke
28. “All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
29. “5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of time and still not lose.” – Paul Tudor Jones
30. The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
31. “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
32. “The trend is your friend until the end when it bends.” – Ed Seykota
33. “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – @Sunrisetrader
34. “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
35. “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
36. In trading, everything works sometimes and nothing works always.”
37. “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
38. “IF YOU WANT TO BE A LEDGE… FIND YOUR EDGE…” – Tom Dante @Trader_Dante
39. “By living the philosophy that my winners are always in front of me, it is not so painful to take a loss.” – Marty Schwartz
40. “Sometimes the best trade is no trade.” – Anonymous
41. “Hope is bogus emotion that only costs you money.” – Jim Cramer
42. “One day does not make a trend.” – Anonymous
43. “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
44. “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager (paraphrase)
45. “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
46. “Don’t fight the Fed.” – Marty Zwieg
47. “You’re going to learn a million things, then you need to forget them all and focus on one.” – @SunriseTrader
48. “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
49. “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
50. “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb

BOSCH INDIA LTD. Review for long term investors

CMP : 19988.

This company his a giant MNC which operates in mobility solutions, industrial technology, consumer goods, and energy and building technology. It recently launched its consumer durable products in Indian market by launching washing machines. The stock has hit high of around 28000 and is available at a good discount compared to other this type of top notch global MNC names on Indian bourses. The profit and sales growth is no any exciting but we believe the stock is an excellent buy at this level as well and it can decline to 15000 which will make it more attractive, at that time it must be bought more. Only investors who want to invest for 5 years atleast should invest. The company may decide to delist which could immediately result in multifold rise in the price of the stock. The other stocks listed in the same segment commands similar PE or a little less but the kind of parentage, patents, branding and technology this company has is comparable only at global level.
Long term investor can buy at present level and then if it declines below 15000 then only i.e a 25% correction from buy price. It is a debt free company and dividend paying company. In the short term it has fallen below its 100DMA and is expected to languish for a while.

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