Unknown

To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown - the first instinct is to eliminate these distressing states. First principle: any explanation is better than none... The cause-creating drive is thus conditioned and excited by the feeling of fear ....... Friedrich Nietzsche

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Know

“Every moment in the market is unique….and you don’t need to know what is going to happen next to make money.”----Mr. Mark Douglas of Trading in the Zone

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Reflexivity

“The process is fundamentally different from the processes that are studied by natural science. There, one set of facts follows another without any interference from thoughts or perceptions (although quantum physics introduces uncertainty). When a situation has thinking participants, the sequence of events does not lead directly from one set of facts to the next; rather, it connects facts to perceptions and perceptions to facts in a shoelace pattern. Thus, the concept of reflexivity yields a ‘shoelace” theory of history.”

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Mind

The mind of the past is ungraspable; the mind of the future is ungraspable; the mind of the present is ungraspable. - Diamond Sutra

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Trend

Jesse Livermore: “It may surprise many to know that in my method of trading, when I see by my records that an upward trend is in progress, I become a buyer as soon as a stock makes a new high on its movement, after having had a normal reaction. The same applies whenever I take the short side. Why? Because I am following the trend at the time. My records signal me to go ahead!”

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Reflected

 John Murphy: “The statement ‘market action discounts everything’ forms what is probably the cornerstone of technical analysis. [...] The technician believes that anything that can possibly affect the price–fundamentally, politically, psychologically, or otherwise–is actually reflected in the price of that market.”

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Complacency

I will not allow yesterday's success to lull me into today's complacency, for this is the greatest foundation of failure. -- Og Mandino

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Know

You got to know when to hold ‘emknow when to fold ‘emKnow when to walk away and know when to run.You never count your money when you’re sittin’ at the table.There’ll be time enough for countin’when the dealings done- Kenny Rogers, The Gamble

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