Quotes of the Day

It is expected that more than half a trader’s trades will be losers—-that’s part of trading—-so in order to compensate, the winners have to be bigger than the losers. Taking too many small profits without letting good trades develop is a bad practice. [2003] - Marcel Link

Short-term traders may find it more profitable to close their trades if they are not working after a certain number of hours or when the market switches into the Asian trading session. As for the weekend, occasionally something big may happen between Friday night and Sunday afternoon. Unless you have stops that can absorb any shocks or you know that there isn’t a significant event risk, closing positions before the weekend may also be something to consider. [2009] - Kathy Lien

A qualified investor (stock traders and analysts) recognizes that the current p/e is not as important as the future p/e. [2000] - Robert T. Kiyosaki

70 percent of what is published as news is actually "placed news," or news that comes directly from press releases and PR initiatives. PR newswire (www.prnewswire.com) is an amazing tool if you're writing press releases. Another secret to writing an effective press release is to mention a Fortune 500 company in your copy. Every press release you send should be followed by a phone call. [2007] - Chet Holmes

I like to buy on breakouts because it gives the crypto that extra oomf at the start of the trade and therefore makes it less likely that I will quickly hit my stop-loss. But this is not a key consideration. You could buy at any random point in the early stages of a trend and still make good money as long as you learn to sit patiently during an upward trend and then sell at the end in a disciplined way. [2019] - Glen Goodman