ROOM TO THINK

“The bottom line is that the two sides of the brain should not be thought of as two radically different processors.” (SKEPTIKAI)

“Successful saving and investing often comes down to having the right approach.” (JOE MONT via THE STREET)

“I puked once during a losing trade.” (bclund)

“We spend most of our lives going around believing we are rational, logical beings who make carefully weighted decisions based on objective facts in stable circumstances. Of course, as both a growing body of research and our own retrospective experience demonstrate, this couldn’t be further from the truth.” (MARIA POPOVA via BRAIN PICKINGS)

“On his first day of Economics 101 in university, Barry Ritholtz realized that the discipline itself was missing something fundamental.” (DAVE MORRIS via THE GLOBE AND MAIL)

“Our tendency to avoid loss rather than seek gain is one of the strongest, most primal responses that influences the actions we take because frankly, it seems safer.” (BRI WILLIAMS via PEOPLE PATTERNS)

“Show me 100 successful Traders, and I’ll show you 100 unique ways to make money in the markets.” (SEAN MCLAUGHLIN via THE MINIMALIST TRADER)

“When we recognize the wealth archetype in our own attitudes and behavior, we can use this understanding to consciously steer our course rather than allow it to unconsciously drive or sabotage us.” (BULLISH ON BOOKS via CNBC)

“There are two kinds of people who lose money: those who know nothing and those who know everything.” (IVAN HOFF via IVANHOFF CAPITAL)

“You can never have too many legos in the house.” (THE MILK TRADER)

“A losing streak can—and likely will—happen to anyone if trading for a long enough time.” (CORY MITCHELL via MONEYSHOW)

“Optimism means expecting the best, but confidence means knowing how you will handle the worst.  Never make a move if you are merely optimistic.” (JEFF WHITE via THE STOCK BANDIT)

“Trading is all about making the right decisions in order to make money.” (BRUCE BOWER via THE HOW OF TRADING)