The Crosshairs Trader Blog

THE THINKING TRADER 12-07-2010

The Cowboy Thinking Trader

Success in the majority of circumstances depends on knowing how long it takes to succeed. ~ Montesquieu

A year from now you may wish you had started today. – Karen Lamb

StockTwits is Now on Yahoo Finance! (Joshua Brown)

“Of all the places to learn a few lessons about investing and ourselves, is it not refreshing to find a few on the open range from a time not so long ago?” (What We Can Learn From Cowboys)

“The best traders know how much they are going to risk (down to the dollar value) of how much distance they are going to give the market to tell them if their edge is working or not. They expect something to happen, and nothing more. That’s a world of difference between most traders.”  (Mark Douglas and How to Create Your Trading Edge)

“Curiosity and the desire to learn will make all of the difference for you.” (Letter to a Young Analyst)

“The true measure of greatness is our capacity to navigate between our opposites with agility and grace — to accept ourselves exactly as we are, but never to stop trying to get better.” (Six Ingredients to a Good Life)

“In any competitive arena, whether it is trading, sports, poker, or others, waiting is often a very potent form of power.” (Are You Patient?)

“Often we’re pressured to make decisions before we’re ready, or we take too long because we feel we’re not. Setting a time for important decision-making can solve both problems by providing time to think and a time when you have to decide.” (When to Make an Important Decision)

“Watchmakers believe in their heart-of-hearts that timekeeping is no longer an option because they want to create value, make a difference, follow their heart, help others, and build something sustainable. And more importantly, although they may not know it, watchmakers want to make money while they sleep.” (Timekeeping versus Watchmaking)

“There are countless studies available to help make trading decisions. Creating a plan and believing in its success translates into making money!” (Art of the Trade)

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