"Win or Lose, everybody gets what they want out of the market."

Ed Seykota

"Living in the now is a necessity to good trading"

Bill Williams

"There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose."

Benjamin Graham

"The instant you get the fancy notion you can "for sure" pick the big winners and back those trades with larger positions than you have been trading, trouble will find you."

Larry Williams

"The game taught me the game. And it didn’t spare the rod while teaching."

Jesse L. Livermore

"The most important change in my trading career occurred when I learned to divorce my ego from the trade."

Ruth Barrons Roosevelt

"Market orders are blank checks in effect that you write to professional traders, completely giving all control away in terms of where you will be executed. Consider, for example, our discussion on gaps: The last thing you want to do is give that discretion to a market maker who will see your order to find liquidity at a price he loves and you hate. That is as insane as swimming in shark infested waters with a bleeding artery; you will be eaten!."

David S. Nassar

On Wall Street research analyst: "They all follow the herd. Nobody gets rich doing that, it's a fast way to bankruptcy."

Jim Rogers
Book: The New Money Masters

"In trading, there are few certainties and far too many opinions, maybes, possiblys and perhapses. One of the few hard and objective realities in trading is our net equity, our bottom line after each day's market movements."

S A Johnston

"Whenever the word hope is used in describing a position, a trader should know he is in trouble."

Marcel Link

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