Study Your Mistakes

I have always found it profitable to study my mistakes. Thus I eventually discovered that it was all very well not to lose your bear position in a bear market, but that at all times the tape should be read to determine the propitiousness of the time for operating. If you begin right you will not see your profitable position seriously menaced; and then you will find no trouble in sitting tight.----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Nothing

Wall Street people learn nothing and forget everything.-----Benjamin Graham

Confidence

Optimism means expecting the best, but confidence means knowing how to handle the worst.----Max Gunther

Confirm

If you believe it likely to have a difinite bullish or beariish effect marketwise, do not back your judgement" UNTIL THE ACTION OF THE MARKET ITSELF CONFIRMS YOUR OPINION"----The Disciplined Trader,Mark Douglas

Hope

When I have to depend upon hope in a trade, I get out of it.
— Jesse Livermore

Edge

To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.----Trading to Win, Ari Kiev

Courage

Life shrinks or expands in proportion to one's courage.----Anais Nin

Understanding Yourself

There are no certainties in this investment world, and where there are no certainties, you should begin by understanding yourself.—James L. Fraser