Some of the Trading Wisdom... I like.
There is no Holy Grail trading system.
You're wrong until you're proven right.
No-one can predict the next move.
The nature of the markets is uncertainty. Novices lose because they seek certainty where it doesn't exist. Professionals succeed because they learn to live with the uncertainty.
Trading is the art of facing your greatest fears without flinching.
The markets are not a source of fear, but rather they reveal to the trader the fear that already exists within them.
You can't have success until you let go of the need for it.
The most important lessons in trading, each trader must learn for themselves.
All trading decisions must be made on the basis of insufficient data.
We must learn the power of trading with our helplessness.
The only victory lies in surrender to oneself.
All of the significant battles are waged within the self.
You are free to do whatever you like. You need only face the consequences.
Learn to forgive yourself, again and again and again and again.
Get a notebook. And create the second greatest trading book in the world. It costs nothing. But it's value is priceless.
- Lance Beggs.