Top 130 Traders Quotes & Sayings - Page 3

People who were also traders were also men of Sufism, as we see around Java, people who were outwardly trading but were also men of very high spiritual character. Otherwise no trader would be able to convert a person from one religion to another. It was because they were men of spiritual character.

The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?

I'm not shy about stating my opinion on political issues, so I can state my opinion, which is, on this one, Premier Notley's right. Because cap and trade systems have not been shown to work. And if you want to price carbon, then I would listen to the CEO of Suncor, who suggests a clean, transparent carbon tax makes a bunch more sense than a cap and trade system that just creates jobs for traders. I - I kind of agree with that.

I had a lot of preconceived notions going in the Wall Street. It wasn't an industry that I really respected much. My feeling was kind of like look, you're not making anything. You're taking money from one place, putting it in another and taking your cut and that's just not really kind of soul-satisfying at the end of the day, but what I learned is, on a larger scale is how much the Wall Street industry funnels and fuels so many others. There is a lot of good that these guys do, and to lump all traders into a category is as insane as lumping any group of people into one category.

In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

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.

Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is just around the corner, and that his luck is about to turn. He keeps putting on more trades and increases his size, all the while digging himself a deeper hole in the ice. The sensible thing to do would be to reduce your trading size and then stop and review your system.

I hope I need not confess that a large part of my stock in trade consists of platitudes rescued from the cobwebbed shelves of yesterday... This borrowing and refurbishing of shop-worn goods, as a matter of fact, is the invariable habit of traders in ideas, at all times and everywhere. It is not, however, that all the conceivable human notions have been thought out; it is simply, to be quite honest, that the sort of men who volunteer to think out new ones seldom, if ever, have wind enough for a full day's work.

Having observed his market calls real time over the years, I can say that Jason Perl's application of the DeMark Indicators distinguishes his work from industry peers when it comes to market timing. This book demonstrates how traders can benefit from his insight, using the studies to identify the exhaustion of established trends or the onset of new ones. Whether you're fundamentally or technically inclined, Perl's DeMark Indicators is an invaluable trading resource.

This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.