Sunday 16 March 2014

Quote for the day

“A trading philosophy is something that cannot just be transferred from one person to another, it's something that you have to acquire yourself through time and effort.” -  Richard Driehaus

Quote for the day

"Trading is not investing. The difference is critical and involves much more than the duration of each stock position. Investing is a bet that a company or industry will improve its profitability or market share over time. Trading is a bet the stock will rise or fall in the next ten minutes or hour. Investments can lead to real gains for all shareholders as the market rises, while trades require someone to lose a dollar for every dollar you gain."
-  Robert X. Cringely