"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." Robert Rhea
“The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!” Linda Bradford Raschke
"Panics do not destroy capital—they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works." John Stuart Mill (1806 - 1873)
“True Trading Mastery derives from understanding the relatively small role technical analytical factors play in the overall trading process and the inestimably important role that correct market attitudes and beliefs exert in facilitating a consistently profitable result.” Bob Koppel
Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit. Conrad Hilton
"To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations." Ari Kiev
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten." Peter Lynch
“It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sum payment for a future cash flow.” Ray Dalio
"A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails" W. A. Ward
“You should try to express your enthusiasm and ingenuity by doing research at night, not by overriding your system during the day. Overriding is something you should do only in unexpected circumstances – and then only with great forethought. If you find yourself overriding routinely, it’s a sure sign that there’s something that you want in the system that hasn’t been included.” William Eckhardt
"One characteristic I've found among successful traders is that they function effectively when they're not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present. For them, losing money is less onerous than experiencing boredom." Trader Feed
Editors’ Picks
EUR/USD stabilizes near 1.0800 as trading action turns subdued
EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.
GBP/USD extends sideways grind above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth help the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.
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