Open trading account 
Dear friends ,
Yesterday we saw some of the excerpts from the brilliant book about Jesse Livermore - REMINISCENCES OF A STOCK INVESTOR .
I hope we can improve a lot in our trading if we read such books.What is amazing is how much of the book is applicable to today's markets and trading, seeing that the events in it are from about 80-90 years ago.
Today we shall see some more excerpts from the book. ( More of philosophical thoughts )
"Let me tell you the trouble with trading. There is no career in trading. You are only as good as your last trade, and that is it. You build nothing; you just trade. The day you stop trading, it's gone. So what you have spent doing for X hours every working day of your life has ended, and there is nothing left to show for it, except for money. You have to keep trading because you don't want to stop and look back. Because what have you done? You have built nothing. You have achieved nothing."
"Don’t let the noise of others’ opinions drown out your own inner voice and most important, have the courage to follow your heart and intuition”
"You came to see a race today. To see someone win. It happened to be me. But I want you to do more than just watch a race. I want you to take part in it. I want to compare faith to running in a race. It's hard. It requires concentration of will, energy of soul. You experience elation when the winner breaks the tape - especially if you've got a bet on it. But how long does that last? You go home. Maybe you're dinner's burnt. Maybe you haven't got a job. So who am I to say, "Believe, have faith," in the face of life's realities? I would like to give you something more permanent, but I can only point the way. I have no formula for winning the race. Everyone runs in her own way, or his own way. And where does the power come from, to see the race to its end? From within.
"A winner is someone who recognizes his God given talents, works his tail off to develop them into skills and uses these skills to accomplish his goals."
"Hopefully one day you'll realize there are more important things in life than money, it's a means to an end is all, it's not the be-all and end-all of life".
The more things change, the more they stay the same.
Making money is easy in the market, keeping it is the hard part.
Losers make the same mistakes over and over.
No matter how small or how big of a trader you are, you will always blow out if you do not listen to what the market is saying.
And i hope you also will enjoy the book and can learn a lot from it.
HAPPY TRADING, KUTTY.
Yesterday we saw some of the excerpts from the brilliant book about Jesse Livermore - REMINISCENCES OF A STOCK INVESTOR .
I hope we can improve a lot in our trading if we read such books.What is amazing is how much of the book is applicable to today's markets and trading, seeing that the events in it are from about 80-90 years ago.
Today we shall see some more excerpts from the book. ( More of philosophical thoughts )
"Let me tell you the trouble with trading. There is no career in trading. You are only as good as your last trade, and that is it. You build nothing; you just trade. The day you stop trading, it's gone. So what you have spent doing for X hours every working day of your life has ended, and there is nothing left to show for it, except for money. You have to keep trading because you don't want to stop and look back. Because what have you done? You have built nothing. You have achieved nothing."
"Don’t let the noise of others’ opinions drown out your own inner voice and most important, have the courage to follow your heart and intuition”
"You came to see a race today. To see someone win. It happened to be me. But I want you to do more than just watch a race. I want you to take part in it. I want to compare faith to running in a race. It's hard. It requires concentration of will, energy of soul. You experience elation when the winner breaks the tape - especially if you've got a bet on it. But how long does that last? You go home. Maybe you're dinner's burnt. Maybe you haven't got a job. So who am I to say, "Believe, have faith," in the face of life's realities? I would like to give you something more permanent, but I can only point the way. I have no formula for winning the race. Everyone runs in her own way, or his own way. And where does the power come from, to see the race to its end? From within.
"A winner is someone who recognizes his God given talents, works his tail off to develop them into skills and uses these skills to accomplish his goals."
"Hopefully one day you'll realize there are more important things in life than money, it's a means to an end is all, it's not the be-all and end-all of life".
The more things change, the more they stay the same.
Making money is easy in the market, keeping it is the hard part.
Losers make the same mistakes over and over.
No matter how small or how big of a trader you are, you will always blow out if you do not listen to what the market is saying.
And i hope you also will enjoy the book and can learn a lot from it.
HAPPY TRADING, KUTTY.
