A Quote by Monroe Trout
A successful trader is rational, analytical, able to control emotions, practical, and profit oriented.
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I'm not a free trader, but I am a free trader, but I'm also a fare trader and a smart trader. I want to make sure that the United States gains something. So I think you would probably agree.
I'm practical, very data-driven and process-oriented. I'm very objective and analytical about everything. Ninety-five percent of situations on the wall are not that dangerous. Most people look at the climb and think, 'that's crazy.' But when you know the intricacies of your gear, the belay situation and the forces involved, it's pretty safe.
You can't make good decisions that are going to be meaningful, productive, when you lose control, and you have to maintain mental control, emotional control and to be able to perform physically up to your own particular level of competency; you have to keep your emotions under control.
We have consciousness and rational powers but unless you're willing to spend the time to gain control of yourself, gain control of your emotions, to think deeply about what you want in a year or two, or where you want your business to be, you're going to be swept away by every new event that occurs in the course of the day or the week and the small amount of time that you plan, that you address to conscious planning, is never enough to overcome the constant tide of emotions and new things happening.
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise.
How do I control my emotions? How do I stop getting angry so often, or how do I stop being sad? And I think there's a really important distinction to understand is that you can't completely control your emotions. What you control is your reaction to your own emotions. And a lot of people don't ever make that separation for what goes on with them.
Emotions are the color of life; we would be drab creatures indeed without them. But we must control these emotions or they will control us.
Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing.
A commercial civilization is money-oriented, profit-oriented. Commercial values always tend to wrench a society free of tradition.Economics from education to public service is being reorganized on the self-destructive basis of self-interest.
Learn to control your emotions. Be able to glide through them. By practicing concentration exercises and meditation, you will find that when strong emotions strike, you will gain the ability to not be swayed by them.
We must rapidly begin the shift from a "thing-oriented" society to a "person-oriented" society. When machines and computers, profit motives and property rights are considered more important than people, the giant triplets of racism, materialism, and militarism are incapable of being conquered.
Comfort in expressing your emotions will allow you to share the best of yourself with others, but not being able to control your emotions will reveal your worst.
One of the biggest challenges of a horsemen is to be able tot control your emotions.
And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.
The successful producer of an article sells it for more than it cost him to make, and that's his profit. But the customer buys it only because it is worth more to him than he pays for it, and that's his profit. No one can long make a profit producing anything unless the customer makes a profit using it.
Emotions were like wild horses and it required wisdom to be able to control them
