Self-Examination

I believe that most people are not inclined to look inward, but prefer to live in the land of denial and rationalization. And I take the position that learning the fundamentals of trading success requires much more self-examination. I believe that the more consciousness you bring to this process, the more successful you will be.----Trading to Win, Ari Kiev

Interpretation

To keep experiencing the novelty and freshness of the market, and to keep from being trapped by your preconceptions, it's important to keep distinguishing between the tape and your interpretations of the tape. View as neutral both the events and your inclination to impose your interpretations on them. You enter the market without expectations, surrendering to it rather than struggling with it for personal gain.Ultimately, you are able to fine-tune your responses.----Trading to Win, Ari Kiev

Contrary

The master trader trades from a perspective of rationality, knowledge, and skill— not from an emotional or defensive perspective, not in order to feel "complete" or "excited." To succeed at trading you have to be willing to do things contrary to human nature. You need to hold on to or get bigger in winning trades and get out of losing trades faster.----Trading to Win, Ari Kiev

Think

You have to think for yourself.It always amazes me how high-IQ people mindlessly imitate.I never get good ideas talking to other people.----Warren Buffett

Pray

The worst trades are generally when people freeze and start to pray and hope rather than take some action.— Robert Mnuchin (Goldman, Sachs)

Believe

In the end, I always believe my eyes rather than anythings else .----Warren Buffett

Predictable

The fact that people will be full of greed,fear, or folly is predictable.The sequence is not predictable.---- Warren Buffett.

Doubt

In case of doubt, decide in favour of what is correct -- Karl Kraus

Bets

There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet, no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.----Larry Hite

Volume

Small volume is usually accompanied by a fall in price; large volume by a rise in price.— Charles C. Ying (Computer Study)

Indicator

Your emotions are often a reverse indicator of what you ought to be doing.— John F. Hindelong (Dillon, Reed)

Blood

The time to buy is when blood is running in the streets.— Baron Nathan Rothschild (London financier, 1777-1836)