Emotion Pendulum - Greed Or Fear ?

Emotion Pendulum - Greed Or Fear ?

My Trading Quotes

The best trading method is to take advantage of the crowd's greed and fear. One must be able to read the current level of the market's hidden energy to be a master trader. A low-risk, high-return trade is a trade that is aligned with fundamentals and opposite the current market peak emotion. ----------------------------------------------------------------------Jimmy Chow

Saturday, February 12, 2011

Experience

Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss.---Benjamin Graham

Success

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”
—Michael Jordan, 5-Time NBA Most Valuable Player,6-Time NBA Champion

Prepared mind

In the fields of observation, chance favors only the prepared mind.
—Louis Pasteur, Famous Chemist and Microbiologist

One more round

“Fight one more round. When your feet are so tired that you have to shuffle back
to the center of the ring, fight one more round. When your arms are so tired that
you can hardly lift your hands to come on guard, fight one more round. When
your nose is bleeding and your eyes are black and you are so tired that you wish
your opponent would crack you one on the jaw and put you to sleep, fight one
more round—remembering that the man who always fights one more round is never
whipped.”
—James J. “Gentleman Jim” Corbett, Heavyweight Boxing Champ