A Quote by Michael Covel

Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.
I've always been a streaky hitter. For the most part, when my home runs come, they come in bunches.
Home runs usually come in bunches for me. If I'm feeling good and I'm on time, I can drive the ball even more.
We've said from the beginning when we traded Richie (Sexson), we're trading home runs for doubles and the ability to manufacture runs... Doubles are almost better. I mean, home runs are great, but when you've got guys who smack those doubles, you're in good shape, you've got a lot of guys in scoring position.
You're 28, why are you going to goth clubs? Do what I do, sit at home & wait to die. You don't have to kill yourself, you're just waiting.
There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.
My first experience with film was through a still camera. I would sit, very much against my will, with my father in the game reserve, watching some elephant or rhino or whatever, through a 400 millimeter lens and wait, and waiting and waiting.
Too many companies these days can't tell the difference between good profits and bad.... By now you're probably wondering how in heaven's name profit, that holy grail of the business enterprise, can ever be bad. Short of outright fraud, isn't one dollar of earnings as good as another? Certainly, accountants can't tell the difference between good and bad profits. They all look the same on an income statement. While bad profits don't show up on the books, they are easy to recognize. They're profits earned at the expense of customer relationships.
Good money management alone isn't going to increase your edge at all. If your system isn't any good, you're still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.
On the actual competition days, you get about three or four hours of physical exertion - between an hour-long warm-up, recovery in-between runs, the training runs, and then the runs themselves.
There's not a lot of talking between actors - either between actors or between actors and directors. People think that they sit in rooms and talk about psychology and motivations. I don't think that happens much.
When I got married and had a child and went to work, my day was all day, all night. You lose your sense of balance. That was in the late '60s, '70s, women went to work, they went crazy. They thought the workplace was much more exciting than the home. They thought the family could wait. And you know what? The family can't wait. And women have now found that out. It all has to do with women, or the homemaker leaving the home and realizing that where they've gone is not as fabulous, or as rewarding, or as self-fulfilling as the balance between the workplace and the home place.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.
Tennis can be a grind and there's always the danger of going stale if you think about it too much. You can get embittered if you train too hard and have nothing else on your mind. You have to be able to relax between matches and between tournaments.
Two classes of people lose money; those who are too weak to guard what they have; those who win money by trick. They both lose in the end.
I bare my soul and you are suspicious! No, Scarlett, this is a bona fide honorable declaration. I admit that it's not in the best of taste, coming at this time, but I have a very good excuse for my lack of breeding. I'm going away tomorrow for a long time and I fear that if I wait till I return you'll have married some one else with a little money. So I thought, why not me and my money? Really, Scarlett, I can't go all my life waiting to catch you between husbands.
Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.
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