By:ShortMeTina
What is this all about and why is it important? Unless you are EXTREMELY good at picking solid companies and have the patience level similar to that of Warren Buffett to hold for decades and decades; trading requires you to be governed by rules.
Comments
A few weeks back I stressed to folks to not spend any amount of energy "personalizing" a loss because: 1. Losses are to be expected when trading (every trader experiences them) and 2. The markets are uncertain, and therefore there's no way to predict the direction of the markets with great accuracy because most traders don’t have the money to create a direction. It then begs the question, if there's no certainty in the markets; what's the point of trading? Well, while there is no certainty, you can still trade in a manner which allows for consistent profits. By: ShortMeTina Thus far, I have paid great respect and spoke in an idolizing manner about famed trader, Jesse Livermore. If you haven't done so, check out some insightful quotes from my all-time favorite trading book, “Reminisces of a Stock Operator”. If you want to achieve a certain level of success in the markets; it makes sense to at least, understand how the best view the markets. With that said, I have complied a list of spot-on quotes from Paul Tudor Jones throughout the years. |
Get our FREE watchlist delivered to your inbox every week!
Our Top Blogs
|