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Importance of Sel-Control in trading activities

Importance of Sel-Control in trading activities

Even if you are an expert who spends 24 hours a day keeping an eye on all the fundamental developments that can influence the market, the reliability of your forecasts will still be relative.
Carl William Brown

A fool sees not the same tree that a wise man sees.
William Blake

Experienced traders control risk, inexperienced traders chase gains.
Alan Farley

The answer to successful trading cannot be found in any coach, book, or system. Success is something that is cultivated over time, with directed effort.
Brett Steenbarge

You should expect the unexpected in this business; expect the extreme. Don’t think in terms of boundaries that limit what the market might do. If there is any lesson I have learned in the nearly twenty years that I’ve been in this business, it is that the unexpected and the impossible happen every now and then.
Richard Dennis

Great achievement is usually born of great sacrifice, and is never the result of selfishness.
Napoleon Hill

Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very esence of successful investing.
J. Paul Getty

When prices go up two processes will set in – an increased production and a decreased consumption. The effect will be a gradual fall in prices. If prices get too low two processes will set in – decreased production because a man will not continue to produce at a loss and, second, increased consumption. These two forces will tend to establish the normal balance. Ten years later I became rich by remembering those words.
Bernard Baruch

Lawyers, doctors, engineers and professional men who make a success spend anywhere from two to five years’ time studying and preparing to practice their profession before they begin making any money. Men enter into speculation in Wall Street without any preparation. They have made no study of it whatsoever. They try to deal in something they know nothing about. Is it any wonder then that they lose? Speculators and investors who simply guess, follow tips, rumors, newspaper talk and so-called “inside information” have no chance of ever making a success.
William D. Gann

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
Jesse Livermore

My sense of insecurity keeps me alert, always ready to correct my errors.
George Soros

A trading philosophy is something that cannot just be transferred from one person to another; it’s something that you have to acquire yourself through time and effort.
Richard Driehaus

The human side of every person is the greatest enemy of the average investor or speculator.
Jesse Livermore

There are only two kinds of traders. Winners… and Losers. Ninety-five out of one hundred don’t make it in this field. For their failure they blame everyone but themselves.
Wrong. There is only one person to blame. You.
Zoran Kolundzic

If you want to earn money from the stock market you must be patient, skillful, determinate, well informed and make a lot of practice to build a strong experience in the long run! So, be prepared, you need at least 6 or 7 years if you are an amateur, perhaps a bit less if you are a professional, and you trade with other people’s money.
Carl William Brown

In the Chinese language, “crisis” and “opportunity” are written using the same character. This means we can turn weakness into strength and convert obstacles into business opportunities.
Carl William Brown

The semi-sucker had read books about trading – usually written by yet higher grade suckers – but he did not realize that reading books was not the same as trading experience. This type of sucker could quote all sorts of wise sayings about the operations of the stock market. He did not lose money as quickly as the beginning sucker because he had learned some of the most rudimentary trading rules.
Jesse Livermore

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
Jesse Livermore

The man who can drive himself further once the effort gets painful, is the man who will win.
Roger Bannister.

Patience: even if you’re good at investing it takes a long time to get rich.
Steve Burns

Good and bad ideas both come from the same fountain of speculation and experiment.
Shaun Tan

To be a good and profitable trader you must also be a long-sighted medium!
Carl William Brown

The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
Linda Raschke

In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
Peter Lynch

Success is like an ocean – it’s not in short supply. The problem is, some people go to the ocean with a teaspoon.
Jim Rohn

If people knew how hard I had to work to gain my mastery, it wouldn’t seem wonderful at all.
Michelangelo

No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.
Robert Rhea

India Sensex Stock Market index was 100 mark in 1978; 600 mark in 1988; 3,600 mark in 1998; 21,400 mark in 2008; 26,595 mark at the beginning of 2017 …
Carl William Brown

Markets trend only about 15 percent of the time; the rest of the time they move sideways.
Paul Tudor Jones

The stock market is never obvious. It is designed to fool most of the people, most of the time. Jesse Livermore

Risk is the uncertain possibility of loss. If you could quantify risk exactly, it would no longer be risk.
Ed Seykota

The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
Ed Seykota

Letting losses run is the most serious mistake made by most investors.
William O’Neil

Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you. Larry Hite

This avidity alone, of acquiring goods and possessions for ourselves and our nearest friends, is insatiable, perpetual, universal, and directly destructive of society.
David Hume

Man is a gaming animal. He must always be trying to get the better in something or other.
Charles Lamb, Essays of Elia, 1823

It’s an extremely good thing that money sometimes changes hands.
Carl William Brown

My goal is to finish each day with more than I started.
Paul Tudor Jones

Trading and life philosophy, because man is a gaming animal.
Carl William Brown

As the statitics says: 95% of traders lose money; only 5% of traders can make a living at it, and only 1% of them really make money.
Carl William Brown

Trading and Life Philosophy. Taking small losses is part of the game. Taking large losses can take you out of the game.
Doug Kass

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About Carl William Brown

I'm Carl William Brown a holistic teacher, webmaster, trader, and writer of aphorisms and essays. I have written more than 10,000 original quotes and I'm working at my only novel, Fort Attack, which is also a wide and open blog project. At the moment I'm teaching English in a secondary school, but up to now I have done a lot of other things as well, both in business, education, sport and social fields. Some years ago, in 1997 following the examples of the Rotary and the Lyons I founded the Daimon Club Organization to promote every sort of social, artistic and financial creativity and to meet new friends with these kind of interests.
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