One of the biggest pitfalls in trading is to rely too heavily on the guidance of other people. It is important that you formulate your own personal view of the world and make investment decisions in tune with this view.” ~ Richard Olsen
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Planning
In life as in markets, chance truly favors those who are prepared to benefit. Failing to plan truly is planning to fail.”
Dr. Brett Steenbarger
Trading happiness
“I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.”
Paul Tudor Jones
A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does damage to the pocketbook and to the soul.”
Jesse Livermore