Eckhardt Trading Quotes & Sayings

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

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

A man that has lost moral sense is like a man in battle with both of his legs shot off: he has nothing to stand on. — Henry Ward Beecher

Of course the Devil is laughing at folks for believing it [Big Bang, etc.]. But hey, it works, it sends 'em to Hell, so he'll use it. — Kent Hovind

That's an actor's dream to get something meaty and juicy and challenging to work on. — Rutina Wesley

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

The basis of self-ownership is the fact that each person has direct control over the scarce resource of his body and therefore has a better claim to it than any third party (and any third party seeking to dispute my self-ownership must presuppose the principle of self-ownership in the first place since he is acting as a self-owner). — Stephan Kinsella

Absolution is the washing away of sin. The promise of rebirth. And the chance to escape the transgressions of those who came before us. The best among us will learn from the mistakes of the past, while the rest seem doomed to repeat them. And then there are those who operate on the fringes of society, unburdened by the confines of morality and conscience. A ruthless breed of monsters whose deadliest weapon is their ability to hide in plain sight. If the people I've come to bring justice to cannot be bound by the quest for absolution, then neither will I. — Emily Thorne

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

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

Rise to the challenges that life presents you. You can't develop genuine character and ability by sidestepping adversity and struggle. — Daisaku Ikeda

No one believes their misfortunes are attributable to any shortcomings of their own; that is why they must find a culprit. — Umberto Eco

I think the Internet was the saving grace for Public Enemy. Before that, travelling the world saved Public Enemy. — Chuck D

The Perfect Way is only difficult for those who pick and choose;
Do not like, do not dislike; all will then be clear.
Make a hairbreadth difference, and Heaven and Earth are set apart;
If you want the truth to stand clear before you, never be for or against.
The struggle between 'for' and 'against' is the mind's worst disease; — Sengcan