Market Curiosity: Exploring Markets And Systems

January 31, 2011

Snippets and quotes from January 2011

Filed under: Snippets — Jeff Fitzmyers @ 6:40 pm

MARKETS:
Stocks that break patterns on high volume should be sold. Those that hold up well can be held… My like or love for a stocks action lasts as long as it acts good. No attachement. — Dan Zanger

The entire boom and bust cycle takes place because capital concentrates… there is a quantified amount of capital and it requires that concentration to even create progress. — Martin Armstrong

Sell on 3rd top, but not on 4th, as price is likely to rise. W.D. Gann from Gann Global

If my stock does not act as I anticipated, I immediately determine that the time is not yet ripe – so I close out my commitment. — Jesse Livermore

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance. — Jesse Livermore

There will come a day in your trading when you will accept that you know nothing and you will start to see everything… No matter how much you know and how long you study, you will be wrong all the time – Small losers and BIG winners solves all that. — Dan Zanger

61% of the entire 2010 rally in $SPY was due to gap opens on the first day of a new month. Unusual, yes, but it was 65% in 2005. — Jason Goepfert [This is a stunning!]

… because the best traders/investors are not motivated by money, they’re motivated by the drive to be the best or by the joy of trading or by the desire to work on themselves. — Van Tharp

You do not need to be right to be successful at trading. Accuracy is not the answer. — Dan Zanger

~The difference between Market Wizard traders and not-market-wizard traders is simply position sizing. — Van Tharp

2 consecutive closes above a long term ma changes the trend for me. — Xiphos Trading

The market tends to move against the majority at risk. — Phil Erlanger

OTHERS:
It’s not the employer who pays the wages. Employees only handle the money. It’s the customer who pays the wages. — Henry Ford

Never make the same mistake twice or you’ll never get around to all of them. — Unknown

Even if you are on the right track, you will get run over if you just sit there. — Will Rogers

If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit. — SirJosiah Stamp [1880-1941]

I came here alone but I don’t feel lonely. — Shared at a PostSecret Event

We are called to be architects of the future, not it’s victims. — Buckminster Fuller

Nothing in the world can take the place of [focus]. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. [Focus] alone is omnipotent. — Calvin Coolidge

Don’t be afraid to take a big step if one is indicated. You can’t cross a chasm in two small jumps. — David Lloyd George

Liberty is the source of prosperity. — Richard Maybury

Well, Mr. Bond, ” Goldfinger gave the rich man’s thin smile. “The safest way to double your money is fold it twice and put it in your pocket.

The budget should be balanced, the Treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. — Cicero – 55 BC

The Pareto principle (also known as the 80-20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. — Wikipedia

The more of anything there is, the less they will be worth. — Stott’s law

Understating your case tends to increase your credibility. — Adam Hamilton

And in knowing that you know nothing, that makes you the smartest of all. — Socrates

If some among you fear taking a stand because you are afraid of reprisals fromcustomers,clients, or even government, recognize that you are just feeding thecrocodile hoping he’ll eat you last.- Ronald Reagan, 1964

In almost every primitive culture in the world, the word “stranger” is also the word “enemy”. — Middle English : from Old French enemi, from Latin inimicus, from in- ‘not’ + amicus ‘friend.’

We live at a time when emotions and feelings count more than truth, and there is a vast ignorance of science. — James Lovelock

The profession [of Economics] burns through new theories the way a teenager hops from one new date to another: it meets them, spends some time with them, examines them, finds what it thinks are flaws, and then drops them for a newer face. — Benoit Mandelbrot

Never rush. Always one step at a time. Never hurry. — Marc Buonomo, Millau Viaduct

Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that’s creative. — Charles Mingus

I, in turn, am inspired by other people. You can’t imagine the joy I feel when I hear that something I’ve said or done or written has helped others to regain their sense of dignity, to motivate them to develop their unique potential, to encourage them to reach out to others in love. — Leo Buscaglia

Everything that is really great and inspiring is created by the individual who can labor in freedom.
-Albert Einstein

Don’t worry about people stealing your ideas. If your ideas are any good, you’ll have to ram them down people’s throats. — Howard Aiken

How fortunate for governments that the people they administer don’t think .– Adolf Hitler

In the truest sense, freedom cannot be bestowed; it must be achieved. — Franklin D. Roosevelt

Machines are the tools of Liberty. – Elisha Otis

Peace, commerce and honest friendship with all nations; entangling alliances with none. – Thomas Jefferson

Centralization, coercion and monopoly, always have been the advance guard of eventual failure and suffering, and always will be… — Auberon Herbert

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”

- William A. Ward

Of course the people don’t want war. But after all, it’s the leaders of the country who determine the policy, and it’s always a simple matter to drag the people along whether it’s a democracy, a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger. — Herman Goering at the Nuremberg trials

Our Diversity Supports Our Individual Freedoms… While your societies continue to try to dictate and enforce human behavior to please the majority – because of your diversity, it continues to be an uncomfortable struggle that, again and again, falls of its economic weight. There simply is not enough money in the world to buck the natural currents of individual freedom and independence of thought. — Abraham (even a ghost gets it!)

Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. — John Adams

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