Words of Wisdom in Trading books - page 15

[Muhammad Elbermawi]

[Muhammad Elbermawi]

[Muhammad Elbermawi]

[Henrry Vargas]

Muhammad Elbermawi:

Hi Muhammad.

The rule is very true. What book is it from?

[Muhammad Elbermawi]

[andrew4789]

Muhammad Elbermawi:

Dr. Alexander Elder advice for traders.

Also, I think, despite qualifications and training, we are all human beings with all the flaws that come with that. Greed, envy and doubt are things very difficult to train out.

[Muhammad Elbermawi]

I will add on rule to this pic.
Rich get richer because of compound return, While poor get poorer because of compound losses.

.

[Muhammad Elbermawi]

A trader is a hunter. If a hunter cannot wait for the prey to fall in his net then how will he live!

[Alexandre Goulart]

Muhammad Elbermawi:

That's true. Discipline and persistance is the key. I found that becoming a trader was the most important venture to increase my resilience. And resilient you shall be!

[andrew4789]

Very good comments about trading, and life in general. I've always likened trading to other skill based activities. Professional sports always come to mind; developing skills and attributes won't make you a success - all the time. There are others out there trying to beat you, and you might just have a bad day. 

And, most of all, you're only as good as your last successful day!