Category: Book Quotes of the Day

The markets are a reflection of human nature, and I believe it is the constancy of human emotions that explains why the same rules that applied when Market Wizards was published still apply today, as they did a century earlier and as they will a century from now.

As I interpret it, the dream is the means by which our subconscious penetrates the barriers we sometimes erect in accepting the true analysis of a market.

Dr. Van K. Tharp

Winners know they are responsible for their results; losers think they are not.

Dr. Van K. Tharp

If you are really committed, then not only are you certain that you are doing the right thing, but somehow events just seem to occur to help you. If you are really committed to being a trader, then you probably have an understanding at some level of what I’m talking about. You probably even understand that those events that help you might be big losses.

Dr. Van K. Tharp

Since most people in our culture are taught that only winning is acceptable, most investors must change their beliefs about losses to become successful.

Tony Saliba

Yes, and there is a high correlation between the action on a Friday and the follow–through on the next Monday–at least on the opening.

Tom Baldwin

In most cases, if you don’t give up, you might be able to turn a five-yard loss into a two-yard loss.

Brian Gelber

Most traders who fail have large egos and can’t admit that they are wrong. Even those who are willing to admit that they are wrong early in their careers can’t admit it later on. Also, some traders fail because they are too worried about losing.

Brian Gelber

About two weeks ago, a very bright fellow who works for me said, “This is a very frustrating business. It doesn’t matter how hard I work; it has no bearing on whether I make money or not.” You have to know yourself and put that knowledge to work in the market.

Mark Weinstein

I use all forms of technical analysis, but interpret them through gut feel. I do not believe in mathematical systems that always approach markets in the same way. Using myself as the “system,” I constantly change the input to achieve the same output–profit!”