Eckhardt Quotes & Sayings

But we all have to acknowledge that our way is not the way. — Shonda Rhimes

Large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst investments after long periods of winning. — William Eckhardt

I'm painfully shy. — Lindy Booth

Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. — William Eckhardt

It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. — William Eckhardt

Your life moves in patterns toward things, and things that we achieve finally are part of this mosaic. I just think that we create our own fate. — Arne Glimcher

Searching for a lost city is a particularly European obsession. — Tahir Shah

I'm a salty, greasy girl. I give every french fry a fair chance. Could you just lay some lard in my belly? — Cameron Diaz

One common adage ... that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. — William Eckhardt

Are all your stars shining? — J.D. Salinger

I take the point of view that missing an important trade is a much more serious error than making a bad trade. — William Eckhardt

I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions. — William Eckhardt

The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run. The general idea is that what works most of the time is nearly the opposite of what works in the long run. — William Eckhardt

What feels good is often the wrong thing to do. — William Eckhardt

Amateurs go broke taking large losses, professionals go broke taking small profits. — William Eckhardt

Pride always wants to be on top and in control. — John Eckhardt

One must not only die daily, but every day we must be born again. — Dorothy L. Sayers

There's a particular grubbiness that comes with travel. You start showered and fresh in clean and comfortable clothes, upbeat and hopeful that this will be like travel in the movies; sunlight flaring on the windows, heads resting on shoulders, laughter and smiles with a lightly jazzy soundtrack. But in reality the grubbiness has set in — David Nicholls

The primary reason Jesus came to earth was to inaugurate the Kingdom of God. Often, we hear that the reason Jesus came to the earth was to die on the Cross. Jesus did come to die on the Cross, but that death on the Cross was for the purpose of establishing the Kingdom of God. — John Eckhardt

I don't really know of the Jewish tradition of comedy, only the Jewish tradition of not keeping your mouth shut. Complaining about all that is hard, unfair or ridiculous in life-having strong feelings, and not being able to suppress them. That, to me, is Jewish. — Fred Melamed

People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they're used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to "normal". Therein lies the path to disaster. — William Eckhardt

The Word of God released from your mouth will be planted in your heart. Faith is released from the mouth. The mouth can only release what is in the heart. Faith in the heart that is released through the mouth can move mountains. — John Eckhardt

If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose. — William Eckhardt

I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important. — William Eckhardt

Success in business requires training and discipline and hard work. But if you're not frightened by these things, the opportunities are just as great today as they ever were. — David Rockefeller

The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance. — William Eckhardt

In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak. — William Eckhardt

Prayer Declaration I will trust in the covering of Your wings, and in the shadow of Your wings I will trust. Be my defense and refuge in times of trouble. I will sing of Your strength. In the morning I will sing of Your love, for You are my fortress. You are my strength. I sing praise to You, for on You I can rely. — John Eckhardt

You can be very promiscuous in your research, but not in your trading. — William Eckhardt

If the losses don't hurt, your financial survival is tenuous. — William Eckhardt

Maybe the job of a mother is not to shelter but to bear witness as a child hits full force . . . and then to cushion the fall when it's over. Mariah's — Jodi Picoult

The war between the Pastor and the Prophet will cease with the full emergence of the Apostle ... Are we going to be willing to submit our ministry to a specific Apostolic visionary? This is a critical question that will determine our influence on hastening the coming of the Lord, in our effective contribution to the restoring of all things spoken by the prophets. — John Eckhardt

The prophetic spirit is transferable and can be imparted. — John Eckhardt

'Empire of Self' is a loving portrait of a very difficult man. Jay Parini, himself a gifted novelist, poet and biographer, has gone very deep into the 'black energy' of Gore Vidal's relentless narcissism and megalomania. Parini envisions an epic battle between Vidal's angelic and demonic sides, yet there's very little of the angel in Vidal. — Jerome Charyn

I had a really good family, Braden, I told him softly, pain I'd been hiding for too long threaded in every word. — Samantha Young

Investing is a negative game emotionally. If you're playing for the emotional satisfaction, you're bound to lose, because what feels good is often the wrong thing to do. When all the criteria are in balance, do the thing you least want to do. — William Eckhardt