Here are quotes from successful traders, whom I admire and follow closely. I get lot of inspiration from reading these. Thought I would share these with you.
- Most people like to be smart and show how good they are at catching the top or bottom. I LIKE MAKING MONEY.
- We all have the same tools, the only difference is I keep my emotions under control, NO MATTER WHAT, if I get excited or feel anything about what is on my screen then, I am not IN CONTROL.
- At this level, trading is just a thing and I know that I am going to have wins and losses and it does not matter AT ALL. I have no fear ever on any trade because how can you fear what you cannot control or predict, it's just stupid but we are wired from 1000's of years ago when fear = death. You should have fear if your house is on fire, or if you are about to get smashed by a 60k pound truck at a stoplight, you should NEVER fear this dumb market.
- If you fail at something the 1st time do you jump off the roof or do you control your emotions and try to understand what is going on.
- Stop being the market whore and taking everything that gets thrown in front of you. Do some back testing and see what works most of the time and trade the good trades, right now your just taking everything all the time.
- 70% chance to lose before you even get in the trade, add emotion, money management and whatever else is going on brings it to about 80-85%. But as the PRO’S KNOW THEY have to let you WIN a few times or else it's just PRO’S vs. PRO’S and that's no fun.
- LOL, look at the trend! Why do you think it's going to start going up? Because you want it too? If you are going 60mph in a car and I jump out in front of it do you think it will stop because. I want it too?
- Got 3 messages so far today about "I can't make money with your system" hell I did not even know I had a system, it's just the way I trade.
- What surprised me about it all is that it takes time to recognize 'issues'. Reading a book is great, but until that 'moment' happens, nothing is really clear.
- Just like the "I want to lose 10 pounds" deal, everyone knows to eat less, 3500 cals = 1 pound right? They start out good then they slip a little then say screw it and hit the all you can eat place LOL. Trading is the SAME way, it's sticking to the plan and not hitting that BUFFET.
- Once you get the emotion out of it a trade is just that, one trade. After taking 10K+ trades I can be down 10-15k on the day and it does not matter because, I have done this so much I know my money, just like the market, does not go up or down in a straight line.
- Who cares if it's a good or crazy plan, but it's a plan. We need to have one.
- Have plan, trade your plan... Don't ask your friends what to do, THEY'LL ALMOST ALWAYS ARE WRONG. This is YOUR Business, you have to know when to strike!
- It comes with practice and can't be really learned by watching. You need to trade to get confidence. Contrary to popular believe, I don't agree that demo helps. Well, maybe helps you to get used to the new mouse, you just bought, but does nothing to make the psychology your friend... Off course, this is just my opinion, tested in battles.
- Although many have eyes, some don't use them towards their advantage...
It's okay though. Some people will never learn how to dance or sing others will never learn how to trade profitably. We're not created equal, as some would want us to believe... No matter how hard I tried, I could never sing... - When you have a good plan and spend enough time watching charts, things materialize in front of your eyes and you're already in. Now it's time for the crowd to follow.
- Those who mastered making money in the sideways moving markets are very good and consistent traders. Any kid can make money when market is trending.
- Picking probabilities. Sometimes you win, sometimes you lose. If you have the edge, you ARE marching forward.