Quotes About Mindset

A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don't need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique.

the typical trader wants to be right on every single trade. He is desperately

They manage our perception and interpretation of environmental information in a way that is consistent with what we believe.

Anything we decide to do or any outward expression of behavior will be consistent with what we believe.

Finally, our beliefs shape how we feel about the results of our actions.

Or you can learn how to redefine your trading activities in such a way that you truly accept the risk, and you're no longer afraid.

The winners have attained a mind-set—a unique set of attitudes—that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions. As a result, they are no longer susceptible to the common fears and trading errors that plague everyone else.

consistency is a state of mind that, once achieved, won't allow you to "be" any other way.

Enlightenment does not mean getting rid of anything. It means changing one's frame of reference so that all things become enlightening.

Rich men have big libraries. Poor men have big TVs.

Getting hung up on 'how' is just the stupid part of your brain throwing a tantrum because it feels left out.

Beware the inveterate punster, Doyle, it's a sure sign of brewing mental disturbance.

24 YOU CAN'T CHANGE ANYTHING IF YOU CAN'T CHANGE YOUR MIND.

happiness is actually more closely tied to how you perceive and emotionally react to the events and people around you. That's because people who perceive the world as positive or negative will react to it positively or negatively.

Occasionally you'll slide into crazy when an upset causes your three brains to temporarily misalign, but you won't live there permanently.

crazy starts with a misaligned brain,

When they're faced with new challenges, they think, "I can do this.

Worldliness is often defined in terms of certain behaviors, such as gambling, going to certain movies, wearing certain kinds of clothes, and so on. But worldliness goes much deeper. It's a mindset, or attitude. Of course, this attitude reveals itself in actions, but worldliness begins as an attitude. A concise definition of worldliness is a love for passing things.

it's usually a bad one, a negative thought, but we have

Stay excited and stay humble and good things will come.

I haven't celebrated coming in No. 2 too many times.

The glass is always completely full-half air and half liquid.

We are what we think. To change how people act, we must change what they believe.

When you play each point as it comes, or play each delivery on its own merits, you are doing just that: playing. But when the value of each point or delivery becomes instrumental, what you are doing is work.