"Longevity, in this business, is mesured by discipline.”(J.Henry)
“Some like to search, some like to find and some realize they already have it."(Ed. Seykota)
"I knew I could not predict anything, and that is why we decided to follow trends, and that is why we've been so successful. We simply follow trends. No matter how ridiculous those trends appear to be at the beginning, and no matter how extended or irrational they seem at the end, we follow trends."(J.Henry)
"Thinking about what is supposed to happen in the future can tempt a Trend Follower to override a signal he gets in the now."(Ed. Seykota)
"If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right."(Ed. Seykota)
"I have learned many things from him (George Soros), but perhaps the most significant is that it’s not whether you are right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong."(Stanley Druckenmiller)
"The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails."(William Arthur Ward)
"I agree with the metaphysics of technical analysis that the fundamentals are discounted. You don't get any profits from fundamental analysis; you get profit from buying and selling. So why stick with the appearance when you can go right to the reality of price and analyze it better?"(Richard Dennis)
"The market is always right and price is the only reality in trading. If you want to make money in any market, you need to mirror what the market is doing. If the market is going down and you are long, the market is right and you are wrong. If the market is going up and you are short, the market is right and you are wrong. Other things being equal, the longer you stay right with the market, the more money you will make. The longer you stay wrong with the market, the more money you will lose."(Michael Gibbons)
"The four most expensive words in the English language are: this time it's different."(Sir John Templeton)