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Creator simon gordon Created 31 Mar 2010 Posts 187380 Last Post 3 hours ago
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Trading is not, and never has been, a game of perfect. Trading is, and only can be, a game of probabilities. Probability, not perfection, is the base upon which you build your trading plan. Probability, not perfection, is the platform on which you execute your plan. As a trader you are a pragmatist, not a perfectionist.

The future is not knowable. A successful trader fully accepts the uncertainty
and even enjoys the mystery. Herein lies the art and the excitement of trading. After all, if we could know for certain, the game would be over.

Ruth Barrons Roosevelt

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For the past 60 years, most governments in the developed world pursued variants of the same economic strategy: trying to minimize the cost of capital for the corporate sector by subsidizing the financial sector and using the taxes on the higher profits to fund ever more generous spending promises. The result was to turn the state into a giant insurance operation, underwriting tail-risks across the economy, protecting people from the consequences of economic mistakes or social misfortune.

Simon Nixon

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Just keep in mind that when you're charting, you're dealing with waves. Every swing in the market, no matter how many points it is, consists of numerous buying and selling waves. The waves last just so long as they can attract a following and when that following is exhausted, the wave ends and a contrary wave sets in. It's much like the tide moving to a higher or lower level through a series of surges.

Jack Huston

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The market has its own language. Only intensive practice will enable us to know it. We must become familiar with hundreds of cases, until the market becomes part of us - second nature to us.

It is all visual. A look at the charts, at the market's behaviour in a direct way is the single most important thing to do. It is more important than anyone's opinion.

Here is why charts are unique. They give us real information unattainable otherwise. Even if we do not know exactly why things are happening, we will at least be able to assess what is really going on. We will definitely know the market truth.

Knowing that the markets oscillate between two poles is the foundational knowledge for any trader. Not understanding this behaviour of reality makes it difficult, if not impossible, to understand and master trading.

Money from the markets is the result of the trader's market knowledge. This knowledge converts to money, when used correctly. However, the real value is not in the money. The real value is in your market knowledge. It is market knowledge for which you will be paid. How you are paid for your knowledge is secondary. First must come the knowledge.

The opposite of opinion is 'knowledge.' Knowledge will always be true, because it is based on reality and not on what somebody tells you reality should be......Only real knowledge can tell us the truth about the market. It is this knowledge above all that we must seek.....Awareness of the difference between 'opinion' and 'knowledge' is the key to accurate market reading.....To convert complex things into simple and understandable things is what intellegince is all about.

Felipe Tudela

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Cockney Rebel's rules:

~Don't catch a falling knife.

~Buy something that's going up, rather than something that's cheap.

~If in doubt, get out.

~If it's chart v fundamentals go with the chart.

~Bad directors don't become good directors.

~Stay away from AIM if it's based overseas.

~Watch director trades and do as they do rather than do as they say.

~Don't read the words in the results, read between the words.

~Buy boring, sell exciting. Look for dead bulletin board threads to buy.

~Try to swim with the tide rather than against it.

~Be a contrarian - when everyone dislikes a stock or sector that's usually the best time to buy.

~If you want to get rich quick, try to get rich slowly and safely.

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When you change your thinking, you change your beliefs; when you change your beliefs, you change your expectations; when you change your expectations, you change your attitude; when you change your attitude, you change your behaviour; when you change your behaviour, you change your performance; when you change your performance, you change your life.

Dr. Walter D. Staples

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SHA share picks for 2015:

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