Tema: Refranes - Frases Famosas

- Warren Buffet

"Most of traders lose because they don't have a winning strategy. Apart from this even among those traders who do, many don't follow their strategy. Trading puts pressure on weaker human traits and seems to seek out each individual's Achilles' heel. "

- Gill Blake

"The ability to change one's mind is probably a key characteristic of successful traders. Dogmatic and rigid personalities rarely succeed in markets. The markets are a dynamic process and sustained trading success requires the ability to modify and even change strategies as markets evolve. Successful traders have the ability to adapt to the changing dynamics of the market and in the process maintain their consistency of performance. "

- Gill Blake

"Do your own thing (independence) and do the right thing (discipline)"

- Unknown

"Successful speculation implies taking risks when the odds are in your favour"

- Unknown

"Don't force trades. Do not attempt to create an opportunity where one does not exist. Be patient."

- Unknown

"The best traders have no ego. You have to swallow your pride and get out of the losses. "

- Tom Baldwin

"Being right is more important than being a genius. I think one reason why so many people try to pick tops and bottoms is that they want to prove to the world how smart they are. Think about winning rather than being a hero. Forget trying to judge trading success by how close you can come to picking major tops and bottoms, but rather by how well you can pick individual trades with merit based on favourable risk / return situations and a good percentage of winners. Go for consistency on a trade-to-trade basis, not perfect trades."

- Jack Schwager

Psychology

"Formula for Success – A Few new disciplines practised every day. "

- Jim Rohn

"You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody. This is the life of a successful trader. Many aspire to this but few succeed. An amateur looks at a quote screen and sees millions of dollars sparkle in front of his face. He reaches for the money - and loses. He reaches again - and loses more. Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both. "

- Dr. Alexander Elder

"Markets offer unlimited opportunities for self-sabotage, as well as for self-fulfillment. Acting out your internal conflicts in the marketplace is an expensive proposition. Traders who are not at peace with themselves often try to fulfill their contradictory wishes in their market. If you do not know where you are going, you will wind up somewhere you never wanted to be. You can succeed in trading only if you can handle it as a serious intellectual pursuit. Emotional trading is lethal. To help ensure success, practice defensive money management. A good trader watches his or her capital as successfully as a professional scuba-diver watches his or her air supply. "

- Dr. Alexander Elder

"Most often, traders have four fears. There's the fear of being wrong, the fear of losing money, the fear of missing out and the fear of leaving money on the table. I found that basically, those four fears accounted for probably 90% to 95% of the trading errors that we make. Let's put it this way: If you can recognize opportunity, what's going to prevent you from executing your trades properly? Your fear. Your fears immobilize you. Your fears distort your perception of market information in ways that don't allow you to utilize what you know. "

- Mark Douglas

"We know that the random element in the market represents at least 40 to 60 percent activity. Therefore, it's not logical to look at every tick or to think that every tick or every chart formation has meaning. They don't. There are too many traders trying to look at the markets from too stringent an analytical viewpoint. Most of what happens in the markets is meaningless. Why try to interpret every little movement, every little reversal, every little tick? In trying to do too much, they're actually paying too much attention to the market. You have to keep a distance from the market. Only then will you have the psychological resources to let your profits ride. You won't be looking at every tick and interpreting it in a fearful way."

- Jake Bernstein

"I believe that to be a good trader it's very important to be rational and have your emotions under control. I've been trying for years to get rid of anger completely when I completely lose money, and I've come to the conclusion that it is impossible. I can work towards that goal, but until the day I die, I don't think I'm ever going to be able to look a big loss in the face and not get angry. "

- Monroe Trout

"Being wrong is acceptable. But staying wrong is totally unacceptable. Being wrong isn't a choice, but staying wrong is. To play any game successfully, you have to have some skill, an edge, but beyond that it is money management. Good traders manage the downside; they don't worry the upside. "

- Mark Minnervini

"To be a successful trader, you have to be able to admit mistakes. People who are very bright don't make very many mistakes. In a sense, they generally are correct. In trading, however, the person who can easily admit to being wrong is the one who walks away a winner. Besides trading, there is probably no other profession where you have to admit you're wrong. In trading, you can't hide your failures. Your equity provides a daily reflection of your performance. The trader who tries to blame his losses on external events will never learn from his mistakes. For a trader, rationalization is a guaranteed road to ultimate failure. "

- Victor Sperandeo

"Since most small to moderate profits tend to vanish, the market teaches you to cash them in before they get away. Since the market spends more time in consolidations than in trends, it teaches you to buy dips and sell rallies. Since the market trades through the same prices again and again and seems, if only you wait long enough to return to prices it has visited before, it teaches you to hold on to bad trades. The market likes to lull you into false security of high success rate techniques, which often lose disastrously in the long run. The general idea is that what works most of the time is nearly the opposite of what works in the long run."

- William Eckhardt

"The essential element is that the markets are ultimately based on human psychology, and by charting the markets you're merely converting human psychology into graphic representations. I believe that the human mind is more powerful than any computer in analyzing the implications of this graph. "

- Al Weiss

Education

"Opportunity comes often. It knocks as often as you have a trained ear to hear it, an eye trained to see it, a hand trained to grasp it, and a head trained to use it. "

- Warren Buffet

"Most aspiring traders underestimate the time, work, and money required to become successful. To succeed as a trader, one needs complete commitment. Just as in any entrepreneurial venture, you must have a solid business plan, adequate financing, and a willingness to work long hours. Those seeking shortcuts are doomed to failure. And even if you do everything right, you should still expect to, lose money during the first five years - losses that I view as tuition payments to be made to the school of trading. These are cold, hard facts that many would-be traders prefer not to hear or believe, but ignoring them doesn't change the reality"

- Mark D. Cook

"Each trading failure is a sign that you are doing something wrong; it is not necessarily a good predictor of ultimate potential failure or success."

- Unknown

"Don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand."

- Unknown

"My advice to new entrants to stock market is to approach it only with the help of professional advisors. Otherwise stay out of the business and stay completely away from the market. For novices to come in and try to generate profit in this incredibly complex industry is like me trying to do brain surgery on the weekends to pick up a little extra cash. "

- Mark Ritchie

"People underestimate the time it takes to succeed as a trader. Some people come here and think they can sit with me for a week and become great traders. How many people when they went to college would've thought to walk up to the professor and say, I know the course is for a semester, but I think a week should be enough for me to get it. Gaining proficiency is the same in trading as in any other profession - it requires experience, and experience takes time. "

- Mark D Cook