Interesting trading related quotes

sh50

Active Member
#1
These are from a small booklet by motilaloswal( sharebrokers). All of them need not be correct. For instance in my view majority action produces trend but here it is deemed undesirable. Traderji can give his expert comments.


There are old traders and there are bold traders, but no old and bold traders.(Old is not gold here, it seems)

Traders know the price of everything and value of nothing,

Short term transactions frequently act as invisible foot, kicking society in the shin.

Timing is vital. It is much more important to buy cheap than to sell dear.

Behave according to what is rational rather than what is fashionable.

People tend to overreact to bad news and react slowly to good news.

Nobody gets market timing right even half the time.

When the gap between perception and reality is maximum, price is the best.

Stock will move above or below its business value depending more on emotions than economics.

When the degree of consensus was the greatest, the extent of error was the most pronounced.

One of the hardest things to imagine is that you are not smarter than average.

Group consensus can be so powerful that it erases critical past experience and common sense.

Passion is more powerful than brain power.

Disregard majority opinion; it is probably wrong.
OTHER QUOTES:-
http://www.traderji.com/showthread.php?p=1754#post1754 Investing

http://www.traderji.com/showthread.php?p=1755#post1755 Market

http://www.traderji.com/showthread.php?p=1757#post1757Money
Management
 
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