Quotes About Trader

While a losing trade may well turn around eventually (assuming, of course, that it was properly conceived to begin with), the turn could arrive too late to do the trader any good - meaning, of course, that he might go broke in the interim.

One trader even believed that relieving himself in the "wrong" toilet would bring bad fortune. Actually he was a bond trader who confessed his secret to a CNN reporter in 2003.

The public wants gurus, and new gurus will come. As an intelligent trader, you must realize that in the long run, no guru is going to make you rich. You have to work on that yourself.

Almost all commentary on the development of a plan will list the ingredients as entry, stop-loss, and price objective. However, to be effective as a loss-control tool, the plan must be derived by deciding STOP, ENTRY, then PRICE OBJECTIVE. Failure to choose a price objective could cost the trader some potential profits. A poor entry price could increase losses or reduce profits. But not having a predetermined stop-loss can, and ultimately will, cost you a lot of money.

The sequence of thinking before acting is the exact definition of the word plan. Therefore, speculating and planning are the same thing. A plan allows you to speculate with a long time horizon (as an investor), a short time horizon (as a trader), or on a spread relationship (as a basis trader or hedger).

I hate this argument that says little Britain or something outside, or Britain is part of a wider Europe. We can both be within our trading relationships within Europe but we can also be a fantastic global trader.

Why must it be one or the other?' she countered. 'You are both a capable seaman and the son of a Bingtown Trader. Why should not I have both sets of skill?

Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough.

I'm a free market person, a free trader. But if we had a market in California, there would be competition.

If you are a short-term trader, you have the right to come and go from our funds.

A trader, in addition to studying basic conditions, remembering market precedents and keeping in mind the psychology of the outside public as well as the limitations of his brokers, must also know himself and provide against his own weaknesses. There is no need to feel anger over being human.

Observation, experience, memory and mathematics -- these are what the successful trader must depend on.

Addison G. Jerome was the acknowledged king of the Public Board in the spring of 1863. His market tips, they tell me, were considered as good as cash in bank. From all accounts he was a great trader and made millions.

Prudence is what makes someone a great commodities trader - the capacity to face reality squarely in the eye without allowing emotion or ego to get in the way. It's what is needed by every quarterback or battlefield general.

Fair value and change are therefore two sides of the same coin; the more ways in which a security can lose value from a future market move, the less it should rationally be worth today, and hence the mantra: more risk, more return. This difference between the quant's view of value as an average versus the trader's need to worry about any change makes this kind of professional cross-communication difficult. Tour

A good quant must be a mixture, too—part trader, part salesperson, part programmer, and part mathematician.

One of these traders brought in some newspapers and translated them for the Oglalas, reading aloud a report that called the Oglalas bloodthirsty savages and murdering hounds of hell. The word hell confused Crazy Horse. What was hell? The trader tried to explain but only confused Crazy Horse more- how could a great power do a bad thing like sending souls to hell?

Cannot the love of Christ carry the missionary where the slave-trade carries the trader? I shall open up a path to the interior or perish.

The infinite substance is within it. Within it, the great merchant is said to dwell. Who is the trader who deals there?

Donnie Green himself had been a trader at Salomon Brothers in the dark ages, when traders had more hair on their chests than on their heads.

There is a magic moment, during which a man has surrendered a treasure, and during which the man who is about to receive it has not yet done so. An alert lawyer [read bond trader] will make that moment his own, possessing the treasure for a magic microsecond, taking a little of it, passing it on.

We fought with those cocksuckers all the way down," says one Deutsche Bank trader. And, all the way down, the debt collectors at Deutsche Bank sensed the bond traders at Morgan Stanley misunderstood their own trade. They weren't lying; they genuinely failed to understand the nature of the subprime CDO.

For more than twenty years, the bond market's complexity had helped the Wall Street bond trader to deceive the Wall Street customer. It was now leading the bond trader to deceive himself.

That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared or desperate, he herded them like sheep into a corner, then made them pay for their uncertainty. He sat on the market until it puked gold coins. Then he worried about what he wanted to do.