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Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.
Sep 10, 2025
Blockading squadrons are a means whereby nations seek to prevent their enemies from trading; protective tariffs are a means whereby nations attempt to prevent their own people from trading. What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.
Your trading needs to boil down to rules, money management, and that is it.
There is no mercy in trading life for life. And certainly no righteousness. Mercy, once given, cannot be taken back.
The reliance on stereotypes is in part the result of a structural problem within the media. Most newspapers have a business beat, with a number of highly trained journalists who know how to cover companies, trading, the markets and so on. But almost none have labor reporters anymore, and to my knowledge, none have full-time poverty-beat correspondents. And all of this helps to render invisible the lives and the life stories of tens of millions of Americans.
A key U.S. initiative in this trade war must be to develop reliable trading partners in the world.
Few influential people involved with the Internet claim that it is a good in and of itself. It is a powerful tool for solving social problems, just as it is a tool for making money, finding lost relatives, receiving medical advice, or, come to that, trading instructions for making bombs.
Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.
It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
The critical ingredient is a maverick mind. Focus on trading vehicles, strategies and time horizons that suit your personality. In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline).
Etiquette enables you to resolve conflict without just trading insults. Without etiquette, the irritations in modern life are so abrasive that you see people turning to the law to regulate everyday behavior. This frightens me; it's a major inroad on our basic freedoms.
[The photograph] is fabricated out of the unfabricated dross of passing life (while paradoxically still trading on the indexical heft of that dross).
I am convinced that most companies don't maximize their barter possibilities. Instead of aggressively reducing costs by trading their services with those of their suppliers, they seem content to pay top dollar for everything.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
When a secretary of state rakes in millions and millions of dollars trading access and favors to special interests and foreign powers, I know the time for action has come.
I want the whole of Europe to have one currency; it will make trading much easier.
Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
We want in the UK to have a good trading relationship with the EU. I think that's in our interests, I think that's in their interests as well. I want to continue to be cooperating on criminal justice, on security and defense, with the EU, I think that's important for the safety of Europe.
China can and will be an invaluable trading partner to both the U.S. and the U.K.
Specifically in reference to Iran, Donald Trump will not be able to renegotiate the nuclear arms pact. His attempt to do so will alienate all the European powers involved and will cost a number of US companies some very lucrative contracts. It is a losing proposition for him and for the US. Much more so than for Iran, who will turn more and more to Russia and China as trading partners.
China has been trading technology and systems with Iraq, Iran, Syria, Libya, Pakistan, North Korea now for years and years. Indigenously? No they're not going to have one. But they're getting dangerously close to having one. We can all have reason to suspect. Why would they not if they're trading with these countries?
After all, China is our largest trading partner. As I said, country-wise, Russia trades the most with China. That is my first point.
If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.
"I can't sleep" answered the nervous one. "Why not?" asked the friend. "I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?" "Sell down to the sleeping point", answered the friend.
We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.
What you will be looking for is a day that closes above the prior day's high and most likely 'breaks' out to the upside to close above a trading range. This is the twitching worm that causes the public to leap before they look.
The fact that Brazil and Chile now has China as their largest trading partner means the Monroe Doctrine is certainly something of the past.
I always knew I could play, but it wasn't likely to happen in Boston. I'm grateful to the Red Sox for trading me and to the Marlins for giving me the chance.
Trading is a small part of the work of the stock exchanges. They are really to do with financial speculation, and they speculate on the value of the yen, the dollar, the pound, the franc, or the euro, at any given time. Billions are lost and billions are made by this speculation, and that's what the stock exchanges are about. They are for greedy minds.
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
I know what I write about seems exotic to a lot of people, but not for me. I pulled up to an old trading post and saw a few elderly Navajos sitting on a bench. I felt right at home.
I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
If I'm trading bars with somebody, it certainly is not because I have a release coming. Joe Budden prides himself on the music and not the sales aspect.
[Trading] With the French one had to be especially careful. French oarswomen were known to take men aside, point to whatever they wanted, and then peel off their own shirts. It took great presence of mind to bargain with a half-naked Frenchwoman.
U.S. wrestling is more of a scrambling style where guys take a lot of risks. You could watch a match in the states and see a score of 18-12. There is going to be a lot of action, transitions and guys going back and forth and trading points.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Are we all clear that we want to build something that can aspire to be a world power - not just a trading bloc, but a political entity?
A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.
I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.
When things are digital, they're all 1's and zero's, and so they commingle in ways we didn't anticipate and you could do things that were not like publishing or television, or computers, but were some intersection of those and that got known to be convergence, so between the switching, or trading of places and the convergence, you have today's media.
For decades, Japan has been a friend and reliable trading partner with the United States, and I anticipate that relationship will prosper.
The moral is that in trading it's important to examine the situation from as many angles as possible, because your initial impulses are probably going to be wrong. There is never any money to be made in the obvious conclusions.
The American political system is not good at trading sacrifice now to prevent crises later.
've always defined a truly alluring story as a journey we're not equipped to take ourselves with a person we're tempted but afraid to emulate. Impostor narratives are exactly that. When they end in disaster, as Clark's did, or as Gatsby's did, we can congratulate ourselves for our own wisdom. We can also experience, safely, at no cost, the terrible thrill of radical self-invention, of trading who we are for who we might be.
But who knows, some years from now if there's a global emissions trading scheme agreement, as many have hoped for, then I'm sure Australia would be part of it.
There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You're never sitting there on the 40th page of your spreadsheet, as Buffett would say, agonizing over whether you should buy or not.
I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.
If Americans want to see results instead of rhetoric, if taxpayers would like solutions instead of sound bites, and hard work instead of horse trading, I suggest you take a short look, and it won't take much longer, at the accomplishments of this Congress.
Fight fire with fire. If you must have bores, always put them together or at the same table ... bores have an effervescent chemical reaction on one another at a party. They invariably have a marvelous time trading banalities in the absence of competition. Clichés roll trippingly off the tongue like sparkling epigrams and trite observations acquire depth sinking into receptive minds.
I think that a true economics thinker or a Marxist thinker would make nonsense of my argument, although I have given massive seminars and no one has demolished it so far. I did think that this idea from an artisanal and trading perception of the auratic quality of goods when they are given character and inscription, made the stories of phantasmic wealth read more powerfully in the 18th and 19th centuries than the stories of Cinderella's wealth, because they are conjured out of nothing by these magic means.