Solid collection of trading quotes and wisdom by @gfc4
“Above all else...the stock market is people. People trying to read the future...The main obstacle lies in disentangling ourselves from our own emotions.” - Bernard Baruch https://traderprinciples.com/
“Above all else...the stock market is people. People trying to read the future...The main obstacle lies in disentangling ourselves from our own emotions.” - Bernard Baruch https://traderprinciples.com/
“Pride of opinion accounts for as many losses in the market as any other human factor. Traders, due to losses from previous trades in a stock, feel that the stock ‘owes them something’. They take gambling risks in order to ‘get even,’ in order to satisfy their pride or vanity.”
Druckenmiller: “around March 2000 I could feel it coming. I just- I had to play. I couldn’t help myself. I pick up the phone finally. I think I missed the top by an hour. I bought $6 billion worth of tech stocks, and in six weeks I had left Soros and I had lost $3 billion.”