Best Quotes From The Playbook By Mike Bellafiore - Cofounder of SMB Capital: Even if you do become a great trader, you’ll sometimes face personal struggles and need a timeout. When you become a successful trader, this is not the end. There is no trader destination. Trades will stop working, and you will have to find new ones that do work. Seven-figure traders can walk around in a frustrated daze desperately searching for a return to just a profitable month. Trading is a sport of … [Read more...]

Best Quotes From One Good Trade By Mike Bellafiore: A great trader is an elite performer. Elite performers spend every day trying to improve. Every day we trade is an opportunity to learn from the market. The biggest reward of this job is the challenge to become an elite performer. I seek every day to improve, and I’ve been at this awhile. I do my best to master the psychology of trading. Traders learn more about themselves in a year of trading than many learn in their … [Read more...]

Best Quotes From Fooled By Randomness By Nassim Taleb: Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration. How frequent the profit is … [Read more...]