Follow The Trend

Nobody should be puzzled as to whether a market is a bull or a bear market after it fairly starts. The trend is evident to a man who has an open mind and reasonably clear sight, for it is never wise for a speculator to fit his facts to his theories. .----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Ego

Psychologically, the best traders all have much in common. They possess risk taking ability, flexibility, and a capacity for conviction. They are able to trade without letting their ego get in the way.----Trading to Win, Ari Kiev

Emotionless

Trading is the most exciting activity that a person can do with their clothes on. Trouble is, you cannot feel excited and make money at the same time.----Dr. Alexander Elder

Vision

The most successful traders bring their vision to a focus with specific goals. You need to do the same—and to promise die result to yourself.----Trading to Win, Ari Kiev

Losing

Losing is part of trading. The best traders don't get perturbed by losing trades, since over the long run they know they will be successful more often than not. When you
are afraid of losing, you end up losing or missing opportunities because you are afraid to trade.----Trading to Win, Ari Kiev

Know Yourself Thoroughly

A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets. -----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Don't Follow Others

To learn that a man can make foolish plays for no reason whatever was a valuable lesson. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind. --------REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre.

Control

If you can't change or control what the market is doing, then the only option you have left is to control yourself in a way that allows you to perceive what the market may do next with increased clarity and objectivity, requiring a thorough working knowledge of the nature of your inner environment in relationship to the outer physical environment.----The Disciplined Trader,Mark Douglas

Doing The Right Thing

The professional concerns himself with doing the right thing rather than with making money, knowing that the profit takes care of itself if the other things are attended to. A trader gets to play the game as the professional billiard player does—that is, he looks far ahead instead of considering the particular shot before him. It gets to be an instinct to play for position. -----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre.

Price Tendency

You watch the market—that is, the course of prices as recorded by the tape—with one object: to determine the direction—that is, the price tendency. Prices, we know, will move either up or down according to the resistance they encounter. For purposes of easy explanation we will say that prices, like everything else, move along the line of least resistance. They will do whatever comes easiest, therefore they will go up if there is less resistance to an advance than to a decline; and vice versa. .----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Secret Of Getting Rich

I will tell you the secret of getting rich on Wall Street:
You try to be greedy when others are fearful, and you try to be very
fearful when others are greedy.---- Warren E. Buffet ( Share by cfw123)