Duchem Trading Quotes

Trading effectively is about assessing probabilities, not certainties. ~ Yvan Byeajee

All statistics have outliers. Money management, therefore, is key to the process of good trading. ~ Yvan Byeajee

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough. ~ Yvan Byeajee

Trading mastery is a state of complete acceptance of probability, not a state of fight it. ~ Yvan Byeajee

Money matters, but not as much as you probably think. ~ Yvan Byeajee

The mind is a fascinating instrument that can make or break you. ~ Yvan Byeajee

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process. ~ Yvan Byeajee

The process by which one accumulates money is so simple, yet so hard to implement for most. ~ Yvan Byeajee

In order to succeed, you first have to be willing to experience failure. ~ Yvan Byeajee

Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come. ~ Yvan Byeajee

You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free. ~ Yvan Byeajee

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture. ~ Yvan Byeajee

Fear, inherently, is not meant to limit you. Fear is the brain's way of saying that there is something important for you to overcome. ~ Yvan Byeajee

Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that - they automatically think they have that last part all figured out, and it's a mistake. ~ Yvan Byeajee

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly. ~ Yvan Byeajee

Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency. ~ Yvan Byeajee

The key is to develop a case where the probabilities of the market going in your favour is greater than it going against you. ~ Adam Harris 2019

Short-term trading is very time-consuming. That is why even "successful" short-term traders can easily have negative real ROI. ~ Robert Rolih

Testing trading ideas is like digging for gold or looking for crude oil in deep waters. The more trading ideas you test, the better your chances of finding patterns that can be traded profitably. ~ Henrique M. Simoes

It's cool to actually have my own trading card. ~ Blake Griffin

To avoid whipsaw losses, stop trading. ~ Ed Seykota

Don't ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don't have control. For example, I don't risk significant amounts of money in front of key reports, since that is gambling, not trading. ~ Paul Tudor Jones

Fifteen years ago, this would have been insider trading, but that quaint concept had disappeared a decade or two ago when so many brokers were doing it that it was impossible to jail them all. Now it was called smart trading. ~ Max Barry

Trading is not easy, and it takes years of conscientious practice to master the necessary skills. It also takes developing positive habits to succeed in trading. There is no shortcut to this, and no one should dream about getting rich overnight by stepping into the trading business. ~ Jody Samuels

If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers. ~ Bill Ackman

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading. ~ Victor Sperandeo

Securities fraud generally and insider trading in particular should be eminently deterrable crimes. ~ Preet Bharara

Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting. ~ Graydon Carter

We decided to go the way of trading and getting younger players. ~ Isaiah Thomas

For decades, Japan has been a friend and reliable trading partner with the United States, and I anticipate that relationship will prosper. ~ Jim Costa

Losers bring money into the market which is necessary for the prosperity of the trading industry. ~ Alexander Elder

A Labor prime minister, Julia Gillard, who does believe in climate change, nevertheless advised her predecessor, Kevin Rudd, to abandon his emissions trading scheme. ~ Richard Flanagan

Pam Sotiropoulos is a Successful Forex trader, who has great experience in emerging market currencies, investment origination and financial strategy. ~ Pamsotiropoulos

The biggest trading partner of the United States is not West Germany or Japan, it's right here. ~ Brian Mulroney

Twitter has become a group conversation of that type that used to take place on trading floors. ~ Barry Ritholtz

When you're trading well, you have a better mental attitude. When you're trading poorly, you start wishing and hoping. Instead of getting into trades you think will work, you end up getting into trades you hope will work. ~ Randy McKay

When one cow was found with BSE in 2003, many of our trading partners closed their borders to our beef. ~ Mike Johanns

[We] must stop these swarms of Jews who are trading, bartering and robbing. ~ William Tecumseh Sherman

It is very important for our long-term economic future that the relationship with Japan, Korea and China, who are our three biggest trading partners, be ever stronger. ~ Tony Abbott

The United States is already Mexico's largest trading partner. ~ Enrique Pena Nieto

When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers. ~ Adam Smith

I am convinced that China needs to be a strong trading partner with the United States long term. ~ Chris Chocola

Sell before the holidays. Stock prices tend to rise on the last trading day before major holidays. ~ Nancy Dunnan

Trading is very competitive and you have to be able to handle getting your butt kicked. ~ Paul Tudor Jones

Tech stocks are trading at a 30-year-low when compared to the multiples of industrials (companies). It's the weirdest bubble when everyone hates everything. ~ Marc Andreessen

As President Obama clearly said just a few months ago, China must play by the international rules, the international trading system from which they've benefited so much. ~ Gary Locke

People are trading distance for dollars. ~ Ray Brown

We can prevent unfair advantage, and we can avoid the destabilizing effect that high frequency trading can have. ~ Eric Schneiderman

I refuse to believe that trading recipes is silly. Tuna Fish casserole is at least as real as corporate stock. ~ Barbara Grizzuti Harrison

Speculating (and this includes investing and trading) is the only human endeavor in which what feels good is the right thing to do. ~ Jim Paul

The American political system is not good at trading sacrifice now to prevent crises later. ~ Ezra Klein

People need to make a stand and be clear that trading in ivory is immoral and unacceptable. ~ Yaya Toure

'Prop trading' is just a fancy term for banks gambling in the market for their own profit. ~ Matt Taibbi

Money is made by sitting, not trading. ~ Jesse Lauriston Livermore

America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner. ~ Jo Ann Emerson

Our shared histories and common values make us natural trading partners and we will continue to work with both the United Kingdom and the European Union as we move forward with this new decision. ~ Justin Trudeau

We gain nothing by trading the tyranny of capital for the tyranny of labor. ~ Louis D. Brandeis

We asked ourselves and the world to base decisions on good science, and I really believe the United States can be the leader in delivering that message to our international trading partners. ~ Mike Johanns

Anything that makes it easier to imagine trading places with someone else increases your moral consideration for that other person. ~ Steven Pinker

Trading is more or less like betting or gambling, but only without the pleasure show of the game. ~ William C. Brown

For us, from Korea's perspective, China is the number one investment destination as well as number one trading partner. ~ Lee Myung-bak

Derivatives trading should be standardized and as much as possible moved to clearinghouses. ~ Paul Singer

This is intimacy: the trading of stories in the dark. ~ Elizabeth Gilbert

Maybe life is a process of trading hopes for memories. ~ William T. Vollmann

I loved working on Wall Street. I loved the meritocracy of it and the camaraderie of the trading floor. ~ Chelsea Clinton

How many soaps does P&G make? In a sense, they're all the same. Can you tell me the difference between trading soybeans, cotton and rubber? They're all soaps to us. ~ Whitney MacMillan

It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. ~ William Eckhardt

Set aside some money you can afford to lose before you begin trading. The money you set aside for trading should be about six to twelve months of your current salary or your current earnings. ~ Ashu Dutt

We are a trading nation, and we are trading with Greece, Spain, Italy, Portugal and Ireland. ~ Mark Rutte

Because cap and trade is enforced through the selling and trading of permits, it actually perpetuates the pollution it is supposed to eliminate. ~ James Hansen

Ninety-five percent of the trading errors you are likely to make - causing the money to just evaporate before your eyes - will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. What I call the four primary trading fears. ~ Mark Douglas

Perhaps that wasn't the brightest parenting decision that I've made in the last ten years." -- (From TRADING MANNY, on letting my 7-year old son emulate Manny Ramirez) ~ Jim Gullo

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them? ~ Nassim Nicholas Taleb

In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there. ~ Peter DeFazio

The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand. ~ Bruce Kovner

Our systems are all go. At 9:30 Monday morning trading will resume on both markets, and the message will be given to criminals who foisted this on America that they lost. ~ Richard Grasso

The industrial age was not about craftspeople trading peer to peer. It was about stopping that. You weren't supposed to be a craftsperson, you were supposed to be an employee. ~ Douglas Rushkoff

In early 2013, one of the largest high-frequency traders, Virtu Financial, publicly boasted that in five and a half years of trading it had experienced just one day when it hadn't made money, and that the loss was caused by "human error." In 2008, Dave Cummings, the CEO of a high-frequency trading firm called Tradebot, told university students that his firm had gone four years without a single day of trading losses. This sort of performance is possible only if you have a huge informational advantage. ~ Michael Lewis

There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues. ~ Kenneth Lay

I think it's incredibly basic: we have to now deliver all of the huge advantages of trading with the 92 per cent of people in the world who aren't in the EU, so for me that was the final deciding factor. ~ Andrea Leadsom

Gold is no longer an investment. Gold is no longer a portfolio item. Gold is certainly not a trading vehicle. Gold is your lifeline and I mean that literally. ~ Jim Sinclair

Carbon trading engages finance directors. It takes the issue of energy efficiency right to the top of the company. ~ Elliot Morley

My principal contribution to the Black-Scholes option-pricing theory was to show that the dynamic trading strategy prescribed by Black and Scholes to offset the risk exposure of an option would provide a perfect hedge in the limit of continuous trading. ~ Robert C. Merton

The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes. ~ Thomas Rowe Price, Jr.

For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy. ~ Alex Berenson

Are we all clear that we want to build something that can aspire to be a world power - not just a trading bloc, but a political entity? ~ Romano Prodi

The moral is that in trading it's important to examine the situation from as many angles as possible, because your initial impulses are probably going to be wrong. There is never any money to be made in the obvious conclusions. ~ Jeff Yass

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. ~ Paul Tudor Jones

There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. ~ Paul Tudor Jones

I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet. ~ Larry Hite

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage? ... Even professionals are losing faith in some aspects of the system. ~ Mario Gabelli

I got into online trading. It was alarmingly easy to do. I went through the whole cycle of emotions, from supreme self-confidence to total impotence. I broke even in the end. ~ James Lasdun

I know what I write about seems exotic to a lot of people, but not for me. I pulled up to an old trading post and saw a few elderly Navajos sitting on a bench. I felt right at home. ~ Tony Hillerman

Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between. ~ Michael Covel

Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade. ~ Charlie Munger

Mexico is an important trading partner, it's the number one trading partner for the state of Texas. We have had dealings with them, shared a border with them. We have had our challenges, but at the end of the day we want a good relationship with Mexico. ~ Rick Perry

I'll keep reducing my trading size as long as I'm losing My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds. ~ Randy McKay

On some level we trade passion for security, that's trading one illusion for another. It's a matter of degree. We can't live in constant fear, but we can't live without any. The fear of loss is essential to love. ~ Esther Perel

Tragedy in life normally comes with betrayal and compromise, and trading on your integrity and not having dignity in life. That's really where failure comes. ~ Tom Cochrane

We must uphold the promise of Roosevelt, Truman, Kennedy, Johnson, Carter, and Clinton and never allow the President and his Republican friends to threaten Social Security by putting it on the Wall Street trading block. ~ John F. Kerry