The Crosshairs Trader Blog

THE THINKING TRADER 05-23-2011

READY FOR BATTLE THINKING

“The greatest mistake you can make in life is to be continually fearing you will make one.” – Elbert Hubbard

 

“Engaging in limiting thoughts limits your ability to succeed.” (INC)

“Today, according to Amazon, eBooks have surpassed print books entirely; they are selling more Kindle editions than they are selling from all of their print formats combined.  Since April 1st, they’ve sold 105 Kindle books for every 100 print editions.” (THE ATLANTIC)

“I honestly respect James Altucher and believe he has a brilliant mind, but I absolutely disagree with his post on ‘10 Reasons You Should Never Own Stocks Again.’” (IVANHOFF CAPITAL)

“A definite purpose backed by a burning desire is the first step towards achieving success. However, a definite PLAN, carried out in CONTINUOUS ACTION is required in order to get your dreams going.” (CHRIS PERRUNA)

“The key to success is to focus our conscious mind on things we desire, not things we fear.” (CAPITALOGIX)

“Great investors are savvy generalists. I can think of five fields that are hugely helpful to asset management. If you were to study these disciplines, your understanding of how markets work would greatly improve.” (ABNORMAL RETURNS)

“As a matter of philosophy I think zooming out to target a result over an entire stock market cycle with the goal being to simply have enough money when you need can go a long way to reducing your portfolio’s volatility and being less susceptible to fear and greed.” (RANDOM ROGER)

“The book publishing industry is dead and they don’t know it. Its like how the typewriter industry died. And how companies like Blockbuster and Borders can’t survive. And the entire music industry is dying. And broadcast television might be on the way.  And the tablet industry is the first sign that companies like DELL might be in major trouble. And companies like Sirius mean the radio industry is dead. (ALTUCHER CONFIDENTIAL)

“The time to think about risk is before a trade not when a loss is realized.” (TRADER HABITS)

“Whenever we see our goals — whether they are organizational or personal — in terms of what we have to lose, we have what’s called a prevention focus.” (HBR)

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