Quotes & Sayings About Day Trading

Our large trading cities bear to me very nearly the aspect of monastic establishments in which the roar of the mill-wheel and the crane takes the place of other devotional music, and in which the worship of Mammon and Moloch is conducted with a tender reverence and an exact propriety; the merchant rising to his Mammon matins, with the self-denial of an anchorite, and expiating the frivolities into which he maybe beguiled in the course of the day by late attendance at Mammon vespers. — John Ruskin

Morgon of Hed met the High One's harpist one autumn day when the trade-ships docked at Tol for the season's exchange of goods. A small boy caught sight of the round-hulled ships with their billowing sails striped red and blue and green, picking their way among the tiny fishing boats in the distance, and ran up the coast from Tol to Akren, the house of Morgon, Prince of Hed. There he disrupted an argument, gave his message, and sat down at the long, nearly deserted tables to forage whatever was left of breakfast. The Prince of Hed, who was recovering slowly from the effects of loading two carts of beer for trading the evening before, ran a reddened eye over the tables and shouted for his sister. — Patricia A. McKillip

She shrugged, looking as baffled by it as he felt. "I don't know. I wonder sometimes if people even know what love is anymore. Some days, when I'm watching my friends change lovers as unperturbedly as they change shoes, I think the world just got filled with too many people, and all our technological advances made things so easy that it cheapened our most basic, essential value somehow," she told him. "It's like spouses are commodities nowadays: disposable, constantly getting tossed back out for trade on the market and everyone's trying to trade up, up
like there is a 'trading up' in love." She rolled her eyes. "No way. That's not for me. I'm having one husband. I'm getting married once. When you know going in that you're staying for life, it makes you think harder about it, go slower, choose really well. — Karen Marie Moning

However, as the consequences of Black Thursday began to settle in investors' minds, most people attempted to recover their losses and the dramatic selling began again. On Tuesday 29 October, the day of the Wall Street Crash, more than 16 million shares were dumped in an afternoon of trading. On that one single day, as much money was lost on the New York stock exchange as had been spent in its entirety by the US government on fighting the First World War. It was a disaster. Annette — John Boyne

Then Whelk's mother had called and told Whelk that his father had been arrested for unethical business practices and income tax evasion. It turned out the company had been trading with war criminals, a fact his mother knew and Whelk had guessed, and the FBI had been watching for years. Overnight, the Whelks lost everything.
It was in the papers the next day, the catastrophic crash of the Whelk family fortune. Both of Whelk's girlfriends left him. Well, the second one was technically Czerny's, so perhaps that didn't count. — Maggie Stiefvater

Eighteen months after Netscape was created, and before it had made a dime, Netscape sold shares in itself to the public. On the first day of trading the price of those shares rose from $12 apiece to $48. Three months later it was at $140. It was one of the most successful share offerings in the history of the U.S. stock markets, and possibly the most famous. — Michael Lewis

If you ever care to see how all the world's most awful jokes spread, spend a day on a bond trading desk. When the Challenger space shuttle disintegrated, six people called me from six points on the globe to explain that NASA stands for Need Another Seven Astronauts. — Michael Lewis

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can't trade. — Bruce Kovner

One day I visited a guy who had made a fortune as a broker. He was sitting in his office with his computer. I hire people from here and make deals from this room, he told me. Then he took me to the trading room. Nobody was talking to anybody else, the place was silent as a tomb, they were all sitting there watching their terminals - a great word, terminal. I tell you, it scares the crap out of me. — Studs Terkel

In early 2013, one of the largest high-frequency traders, Virtu Financial, publicly boasted that in five and a half years of trading it had experienced just one day when it hadn't made money, and that the loss was caused by "human error." In 2008, Dave Cummings, the CEO of a high-frequency trading firm called Tradebot, told university students that his firm had gone four years without a single day of trading losses. This sort of performance is possible only if you have a huge informational advantage. — Michael Lewis

IN GREAT FAMILIES, WHEN an advantageous place cannot be obtained, either in possession, reversion, remainder, or expectancy, for the young man who is growing up, it is a very general custom to send him to sea. The board, in imitation of so wise and salutary an example, took counsel together on the expediency of shipping off Oliver Twist, in some small trading vessel bound to a good unhealthy port. This suggested itself as the very best thing that could possibly be done with him: the probability being, that the skipper would flog him to death, in a playful mood, some day after dinner, or would knock his brains out with an iron bar; both pastimes being, as is pretty generally known, very favourite and common recreations among gentleman of that class. The more the case presented itself to the board, in this point of view, the more manifold the advantages of the step appeared; so, — Charles Dickens

I think (fantasy football) has become something that needs to be looked at in terms of regulation. Effectively, it's day trading without any regulation at all. When you have insider information, which has apparently been the case, when you have people who use that information, use big data to try and take advantage of it, there has to be some regulation. If they can't regulate themselves, then the NFL needs to look at moving away from them a little bit, and there should be some regulation. — Jeb Bush

He saw merchants trading, princes hunting, mourners wailing for their dead, whores offering themselves, physicians trying to help the sick, priests determining the most suitable day for seeding, lovers loving, mothers nursing their children - and all of this was not worthy of one look from his eye, it all lied, it all stank, it all stank of lies, it all pretended to be meaningful and joyful and beautiful, and it all was just concealed putrefaction. The world tasted bitter. Life was torture — Hermann Hesse

What you will be looking for is a day that closes above the prior day's high and most likely 'breaks' out to the upside to close above a trading range. This is the twitching worm that causes the public to leap before they look. — Larry Williams

The price volatility within each trading day in the U.S. stock market between 2010 and 2013 was nearly 40 percent higher than the volatility between 2004 and 2006, for instance. There were days in 2011 in which volatility was higher than in the most volatile days of the dot-com bubble. — Michael Lewis

Mexico is an important trading partner, it's the number one trading partner for the state of Texas. We have had dealings with them, shared a border with them. We have had our challenges, but at the end of the day we want a good relationship with Mexico. — Rick Perry

Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism. — Dan Ariely

For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy. — Alex Berenson

For low risk trades, prices and volumes must rise consistently for at least two weeks. Avoid making trading decisions based on a single day's price rise or a single week's price rise. A short term price rise can be driven by a large lot of the stock being bought by institutional investors or by the non-availability of enough stock to make up for a large order. — Ashu Dutt

I'd rather put on a lifejacket lined with razor blades and jump into a pool of rubbing alcohol," she said.
"But--"
"I'd rather jab sharpened pencils into my eyes."
"But --"
"Id' rather eat three-day-old road kill."
"I get it," Mason grumbled.. "You're not trading places."
Bran grinned. "What was your first clue? — Julie Ann Walker

Sell before the holidays. Stock prices tend to rise on the last trading day before major holidays. — Nancy Dunnan

They were nothing more than modern day pagan worshippers. Congregants of a religion built on greed and hedonism. The trading floor served as their shrine; the phones as their Holy Grail; and the clients as the prophets who would entitle them to choose between putting the next down payment on a Lamborghini or a Mercedes — Soroosh Shahrivar

man or woman seldom makes a success of anything! That is true of trading stocks, business endeavors or even hobbies! Success in day trading usually results from years of painstaking effort and absolute concentration upon the subject. It requires the devotion of one's whole time and attention to - the tape. He should have no other business or profession. "A man cannot serve two masters," and the tape is a tyrant. One — Richard D. Wyckoff

I say no wealth is worth my life! Not all they claim
was stored in the depths of Troy, that city built on riches,
in the old days of peace before the sons of Achaea came-
not all the gold held fast in the Archer's rocky vaults,
in Phoebus Apollo's house on Pytho's sheer cliffs!
Cattle and fat sheep can all be had for the raiding,
tripods all for the trading, and tawny-headed stallions.
But a man's life breath cannot come back again-
no raiders in force, no trading brings it back,
once it slips through a man's clenched teeth.
Mother tells me,
the immortal goddess Thetis with her glistening feet,
that two fates bear me on to the day of death.
If I hold out here and I lay siege to Troy,
my journey home is gone, but my glory never dies.
If I voyage back to the fatherland I love,
my pride, my glory dies ...
true, but the life that's left me will be long,
the stroke of death will not come on me quickly. — Homer

The Arcturan megafreighters used to carry most of the bulky trade between the Galactic Center and the outlying regions. The Betelgeuse trading scouts used to find the markets and the Arcturans would supply them. There was a lot of trouble with space pirates before they were wiped out in the Dordellis wars, and the megafreighters had to be equipped with the most fantastic defense shields known to Galactic science. They were real brutes of ships, and huge. In orbit round a planet they would eclipse the sun. One day, young Zaphod here decides to raid one. On a tri-jet scooter designed for stratosphere work, a mere kid. I — Douglas Adams

Every single day, you're trading your life for who you're working with and what you do. — John Assaraf

However we resolve the issue in our individual homes, the moral challenge is, put simply, to make work visible again: not only the scrubbing and vacuuming, but all the hoeing, stacking, hammering, drilling, bending, and lifting that goes into creating and maintaining a livable habitat. In an ever more economically unequal world, where so many of the affluent devote their lives to ghostly pursuits like stock trading, image making, and opinion polling, real work, in the old-fashioned sense of labor that engages hand as well as eye, that tires the body and directly alters the physical world tends to vanish from sight. The feminists of my generation tried to bring some of it into the light of day, but, like busy professional women fleeing the house in the morning, they left the project unfinished, the debate broken off in mid-sentence, the noble intentions unfulfilled. Sooner or later, someone else will have to finish the job. — Barbara Ehrenreich

What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age. — Michael Bloomberg

I made a decision a long time ago that I was going to choose joy. I even painted a big rectangle on my wall and printed it in big letters so I wouldn't forget to make that choice every day. The major word in that rectangle isn't joy, it's CHOOSE. It's looking around me when life is difficult and trading every complaint I have for something beautiful in my life that far outweighs it. I know, it's that Pollyanna personified thing again, but living joyful beats being cynical any day of the week. — Jessica N. Turner

Where's your dad now?" Thomas asked.
"He's gone."
The word gone echoed all over the reservation. The reservation was gone itself, just a shell of its former self, just a fragment of the whole. But the reservation still possessed the power and rage, magic and loss, joys and jealousy. The reservation tugged at the lives of its Indians, stole from them in the middle of the night, watched impassively as the horses and salmon disappeared. But the reservation forgave, too. Sam Bone vanished between foot falls on the way to the Trading Post one summer day and reappeared years later to finish his walk. Thomas, Chess, and Checkers heard the word gone shake the foundation of the house. — Sherman Alexie

The best traders have trading habits, daily routines they repeat day after day. — Henrique M. Simoes