The most memorable impression

[Euler]

My favourite quotes for participating in any market are:-

Be greedy when people are fearful and fearful when people are greedy.

Let the market be your slave and not your master.

Both encapsulate your objective and the psychology behind it very neatly.

[Derek27]

The most useful quote anyone could give to me but it still would fall on deaf ears, is, a stitch in time saves nine.

[wearthefoxhat]

WB.PNG

[Dallas]

I like that quote

[jamesg46]

The most useful quote anyone could give to me but it still would fall on deaf ears, is, a stitch in time saves nine.

This is very interesting because I have no idea what it means and this is defo something i was after (there is some other good quotes too) that people have posted... this one though is gonna take me some time to figure out... thank you!

[jamesg46]

My favourite quotes for participating in any market are:-

Be greedy when people are fearful and fearful when people are greedy.

Let the market be your slave and not your master.

Both encapsulate your objective and the psychology behind it very neatly.

Its interesting that I've heard these quotes but never took the time to fully understand them.. I've taken them at face value. I think this thread is important to me because of perception.. I'm a lazy thinker, thanks for reply and I will take the time to go further than face value

[jamesg46]

WB.PNG

So true & to fully understand this I need to learn how to incorporate it my actions

[jamesg46]

Look after your broom!!!

Was that a line from Only fools & horses? Ironic.

Classic

https://www.youtube.com/watch?v=LAh8HryVaeY

[JTEDL]

'Assumption is the mother of all f**k ups'

and similar

'To ASSUME makes and ASS out of yoU and ME'

[jamesg46]

'Assumption is the mother of all f**k ups'

and similar

'To ASSUME makes and ASS out of yoU and ME'

I don't know exactly where I've heard it but, ive heard, people would do better with rules.. I'm sure it was 21.. regardless, this is going to be one of my rules.. along with "a stitch in time, saves nine" I didn't understand that one at first but now I do, & honestly think its fundamental!

[eatyourgreens]

WB.PNG

but it would be fun trying to!

[ruthlessimon]

Be greedy when people are fearful and fearful when people are greedy.

Its interesting that I've heard these quotes but never took the time to fully understand them.. I've taken them at face value. I think this thread is important to me because of perception.. I'm a lazy thinker, thanks for reply and I will take the time to go further than face value

Remember it applies in two contexts

1. Over reaction
2. Under reaction

The perfect trader is attacking both biases

Also part 2 isnt really talked about; but it's just as important. Currently, my entire trading is based around under reactions. People are being slow (fearful) to react to new information

[jamesg46]

Be greedy when people are fearful and fearful when people are greedy.

Its interesting that I've heard these quotes but never took the time to fully understand them.. I've taken them at face value. I think this thread is important to me because of perception.. I'm a lazy thinker, thanks for reply and I will take the time to go further than face value

Remember it applies in two contexts

1. Over reaction
2. Under reaction

The perfect trader is attacking both biases

Also part 2 isnt really talked about; but it's just as important. Currently, my entire trading is based around under reactions. People are being slow (fearful) to react to new information

Funny, reading this just after reading Peter's thought for the week. Strange how people are scared or slow to act. Defo going to keep this in mind (to monitor my bahaviour)

[MemphisFlash]

"For every market there is a strategy,
and for every strategy there is a market."

[Emmson]

" It's more the persistance of WOM that you need to focus on. "

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