The Death of Trader Joe

To be a disciplined trader, you need to know how, why and when to enter the market, when to exit the market and have all your important money management techniques in place at all times.

Manage your risk to maximize your cash flow.

Ensure that any trading strategy you design or lease from others includes entries, exits, stops and specific risk management techniques.

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Trader Joe can teach us all a lesson or two: trade a focused strategy with adequate risk parameters fully aware that without the two living to trade another day may not be an option.

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It’s all clear as mud now

Top 10 Reasons Why You May Need a Trading Sabbatical

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Do You Need A Trading Sabbatical?
Here are the top 10 signs you might need a trading sabbatical
  1. You catch yourself talking to ticker symbols
  1. You are diagnosed with Trader’s Elbow
  1. Any time you hear a bell ring your mouse finger begins twitching
  1. You seriously contemplate adding more screens to your 6-screen trading workstation
  1. You think hooking yourself up to an IV treatment is a good way to “multi-task” while trading
  1. Fat finger trades have become a daily routine because your fingers have really become fat
  1. You get out of bed in the middle of the night for updates on overseas currency and futures markets
  1. Your Rip Van Winkle beard keeps getting caught in the keyboard
  1. You just received an award from your broker for the most trades ever made by a live human being
  1. You just paid the phone bill in gold-adjusted dollars
In all honesty, most of us need to take a break once in a while. The great thing about doing this for a living is that most of us who trade full-time on our own can take time off to work on other things and get away from the markets for awhile. Constant focus and dedication to trading at a very high-level can only be maintained so long as you do take much-needed breaks along the way to avoid burnout, overtrading, and achieve some much-needed balance.


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30 Nuggets of Stock Market Wisdom

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” Warren Buffett

This is going to be a very busy week in the stock market so why not read a few wise quotes that just may help you make sense of it all?  Enjoy!
“Wall Street people learn nothing and forget everything.”  Ben Graham
“ Buy on the cannons, sell on the trumpets.” Old French Proverb
“A stock broker is one who invests other people’s money until its all gone.”  Woody Allen
“It is fortunate for Wall Street as an institution that a small minority of people can trade successfully and that many others think they can.” Ben Graham
“Wall Street indices predicted nine out of the last five recessions!” Paul Samuelson
“ There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor –the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.” William Bernstein
“The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind.” Gordon Gekko
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”  George Soros
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”  Mark Twain
“If past history was all there was to the game, the richest people would be librarians.” Warren Buffett
“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”  Warren Buffett
“A market is the combined behavior of thousands of people responding to information, misinformation and whim.”  Kenneth Chang
“The four most dangerous words in investing are “This time it’s different”.   John Templeton
“Money can’t buy you happiness but it does bring you a more pleasant form of misery.” Spike Milligan
“If you don’t follow the stock market, you are missing some amazing drama.”  Mark Cuban
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”  Jesse Livermore
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
“ Markets can remain irrational longer than you can remain solvent” John Maynard Keynes
“The markets will return to rationality the moment you have been rendered insolvent.” Dennis Gartman
“Risk is good. Not properly managing your risk is a dangerous leap” Evel Knievel
“Sometimes your best investments are the ones you don’t make.” Donald Trump
“The most predictable thing about the stock market is the number of experts who take credit for predicting it.” Dave Weinbaum
“I have probably purchased fifty ‘hot tips’ in my career, maybe even more. When I put them all together, I know I am a net loser.” Charles Schwab
“Money talks… but all mine ever says is good-bye.” Anon
“Don’t gamble! Take all your savings and buy some good stock and hold it ‘till it goes up, then sell it. If it don’t go up, don’t buy it.” Will Rogers
“Give me a stock clerk with a goal and I’II give you a man who will make history. Give me a man with no goals and I’II give you a stock clerk.” James Cash
Never make forecasts, especially about the future.”  Samuel Goldwin
“Stocks are bought on expectations, not facts.” Gerald M. Loeb
“Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of the ebullience and the depth of despair alike that this too shall pass.” John Bogle
“You make most of your money in a bear market, you just don’t realize it at the time.” Shelby Davis

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