You have heard it before, PIGs are SMART. It should be permanently embedded in your brain at this point. There should be no excuse for not recalling this critical piece of information at any point throughout your day. So much so, that if you miss the 'Are PIGs SMART' question on your next Dinner Party round of Trivial Pursuit we will be quite ashamed. And to really drive this point home... here are some FAMOUSLY SMART PIGs, saying some FAMOUSLY SMART things to add a bit of WISDOM to your trading day.
...You can't move the market. You can only move yourself...
-PIG Insider
...One common adage...that is completely wrongheaded is: You can't go broke taking profits...
-William Eckhardt
...There is the plain fool who does the wrong thing at all times anywhere, but there is the trader fool who thinks he must trade all the time...
-Jesse Livermore
...Perfection is not attainable, but if we chase perfection we can catch excellence...
-PIG Insider
...After a certain point, money is meaningless. It ceases to be the goal...
-PIG Insider
...Opportunities come infrequently. When it rains gold put out a bucket not a thimble...
-PIG Insider
...Accepting losses is the most important single investment device to insure safety of capital...
-PIG Insider
...There is a huge difference between a good trade and good trading...
-PIG Insider
...The Market is a devise for transferring money from the impatient to the patient...
-PIG Insider
....You can't control what the market does, but you can control your reaction to the market...
-PIG Insider
...If you can't explain your strategy simply, you don't understand it at all...
-PIG Insider
...You are what you do. A man is defined by his actions, not his memory...
-PIG Insider
...Move on, understand what happened in the past but do not have an emotional attachment to it...
-PIG Insider
...In trading, its not about how much you make, but about how much you don't lose...
-PIG Insider
...While amateurs go broke by taking large losses, ‘professionals’ go broke by taking small profits...
-William Ekhardt
... The goal of a successful trader is to make the best trades. Money is secondary...
-PIG Insider
The greatest inferential mistake: 'This never happens...' If someone never died before it doesn't make him immortal
-PIG Insider
...All rules are meant to be broken: The trick is knowing when… and how frequently...
-PIG Insider
...The single most important thing you can do all day is to talk yourself out of bad trades...
- PIG INSIDER
...The most important rule of trading is to play great defense, not great offense...
-PIG INSIDER
...The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading...
-PIG INSIDER
...Good traders liquidate when they are wrong, great traders reverse when they are wrong...
-JACK D.SCHWAGER
...Losing because of a new situation is fine, losing again is the beginning of the end...
-PIG INSIDER
...If you can’t do a thing better than others are doing it, don’t do it at all...
-PHILIP FISHER
...I would say that risk management is the most important thing to be well understood...
-BRUCE KOVNER
...A trader should look at a chart for what it is, and not for what he want it to be...
-PIG INSIDER
...If the losses don't hurt, your financial survival is tenuous...
-WILLIAM ECKHARDT
...Being wrong is acceptable, but staying wrong is totally unacceptable...
-JACK D. SCHWAGER
...Whatever you think your position ought to be cut it at least in half...
-BRUCE KOVNER
...You can be very promiscuous in your research, but not in trading...
-WILLIAM ECKHARDT
...In the final analysis, you need to have the courage to hold the position and take the risk...
-MICHAEL MARCUS
...In a bear market you have to use sharp countertrend rallies to sell...
-BRUCE KOVNER
...First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst...
-PIG INSIDER
...Speculate with less than 10% of your liquid net worth. Risk less than 1% of your speculative account on a trade...
-ED SEYKOTA
...I am a better investor because I am a businessman and a better businessman because I am an investor...
-WARREN BUFFETT
...When you know what not to do in order not to lose money, you begin to learn what to do in order to win...
-JESSE LIVERMORE
...Efforts and courage are not enough without purpose and direction...
-PIG INSIDER
...I trade according to the philosophy that wealth accumulation involves systematic and disciplined compounding of trading capital over time...
-PIG INSIDER
...If I hadn’t made money some of the time I might have acquired market wisdom quicker...
-JESSE LIVERMORE
...Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top...
-ED SEYKOTA
...Only those who risk going too far can possibly find out how far one can go...
-PIG INSIDER
...An investor looks for safety, for permanence of the interest return on the capital he invests...
-JESSE LIVERMORE
...We don’t have to be smarter than the rest. We have to be more disciplined than the rest...
-WARREN BUFFETT
...The markets are unforgiving, and emotional trading always results in losses...
-PIG INSIDER
...Don’t get too confident over your wins or too despondent over your losses...
-JESSE LIVERMORE
...Trading decisions encompass too many types of knowledge, and the rules for interpreting the information keep changing...
-BRUCE KOVNER
...One of the most difficult things about trading is not to trade. Overtrading is as bad as running loosing positions for too long...
-PIG INSIDER
...If you can’t measure it, you probably can’t manage it… Things you measure tend to improve...
-ED SEYKOTA
...Courage in a speculator is merely confidence to act on the decision of his mind...
-JESSE LIVERMORE
...The trading genius was previously an idiot or is closer to being one tomorrow. Keep learning...
- PIG INSIDER
...Markets can remain irrational longer than you can remain solvent...
-PIG INSIDER
...Never depend on single income. Make investment to create a second source...
-WARREN BUFFETT
...In your recipe for success, don’t forget commitment and a deep belief in the inevitability of your success...
-ED SEYKOTA
...Any trader can take risk, a great trader can do it with purpose and use it to their advantage...
-PIG INSIDER
...It was never my thinking that made the big money for me, it always was sitting...
-JESSE LIVERMORE
...I think success has to do with finding and following one's calling regardless of financial gain...
- ED SEYKOTA
...Cut your losses quickly, without hesitation. Don’t waste time...
-JESSE LIVERMORE
...The first rule is not to lose. The second rule is not to forget the first rule...
-WARREN BUFFETT