I became a winning trader when I was able to say,
"To hell with my ego (when I'm wrong), making money is more important."
"Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool - remove one and the stool will fall, together with the person who sits on it. "
"Don't call the market a bull or a bear --it can switch-- just ride the trend"
"When all the experts and forecasts agree – something else is going to happen."
“Markets can remain illogical longer than you or I can remain solvent,”
Dr. A. Gary Shilling
"Time is your friend; impulse is your enemy"
John (Jack) Bogle
"Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience."
“You cannot teach a man anything; you can only help him to find it within himself.”
"A whole lot of bulls make a bear"
Here’s Why GBP Soared on May’s Hard Exit Plans
Daily FX Market Roundup 01.17.17
Who would have thought that Prime Minister May’s plans for a hard exit from the European Union would trigger the strongest one day rally for the sterling versus the U.S. dollar since 2008?
A lot was said in this morning’s speech but at the end of the day, there were 4 main takeaways:
1. Britain is not seeking partial membership of EU – No Half In, Half Out
2. May won’t be proposing membership of EU Single Market
3. Government will put final deal to vote in Parliament
4. May will seek to avoid a disruptive Brexit cliff-edge – will aim for Phased Transition
read the rest here