Saturday, August 18, 2007

Quotes I highlight from "Way Of The Turtle"

"The Turtle Way views losses in the same manner: They are the cost of doing business rather than an indication of a trading error or a bad decision."
"Good traders don't try to predict what the market will do; instead they look at the indicaitons of what the market is doing."
"As a trader you are seeking out opportunities that arise from these human emotions, BEHAVIORAL FINANCE identified the ways that human emotion affexts one's decision-making process."
"Don't miss a trend or you might kill your whole year."
"Over the years I kept finding evidence that emotional and psychological strength are the most improtant ingredients in successful trading."

More to come along with my reading.

1 comment:

KC Equity Trader said...

Good quotes!

"The Turtle Way views losses in the same manner: They are the cost of doing business rather than an indication of a trading error or a bad decision."

"Good traders don't try to predict what the market will do; instead they look at the indicaitons of what the market is doing."