Thought provoking
"It is rarely a mysterious technique that drives us to the top, but rather a profound mastery of what may well be a basic skill set."
—Josh Waitzkin
Mastery of basics, not secret techniques, makes legends.
Look at Roger Gracie's BJJ dominance—leverage and positioning. Jiro Ono'... See more
Learning is downstream of doing. The order should rarely be reversed. Most real knowledge, knowledge worth attaining, lives in the hands . It must be cultivated gradually, like a garden. Really, it must be grown. Most real knowledge is the result of doing something deliberately for a long time and steadily making small improvements. It requires a s... See more
Do what you can't
Turtles had to be able to answer these questions at all times: What is the state of the market? What is the volatility of the market? What is the equity being traded? What is the system or the trading orientation? What is the risk aversion of the trader or client?
Michael W. Covel • The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
Worry Is Sin
The Manifesto
Worry is sin. Worry is blasphemy. It is doubt against reality, against creation. Each anxious thought spits in GOD's face. Your fear is faithlessness. A cancer of the soul that spreads until it paralyzes and kills. Worry is to wage war against the divine order. Against what must be. Every second spent in anxiety is a sin. B
... See moreSpeculation is a great hobby if you can afford it, but it shouldn’t be confused with investment.
Seth Godin • Speculation is the new luxury good
The Turtles were trained to be trend-following traders. In a nutshell, that meant that they needed a “trend” to make money. Trend followers always wait for a market to move; then they follow it. Capturing the majority of a trend, up or down, for profit is the goal.
Michael W. Covel • The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
If instead of saying, “I’m going to do this trade,” you say, “I’m going to watch myself do this trade,” all of a sudden you find that the process is a lot easier. – Jack D. Schwager, The New Market Wizards: Conversations with America's Top Traders