Some more Thought's from Top traders.

Jay's Market outlook for 6th September, 2006 : European markets finished with a moderate loss last night, while US stocks made small gains. Asian markets are down this morning, and the global short-term trend is down now. This may result in a decline here as well, today.






think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Investing requires an intense personal involvement.
-Michael Marcus

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature.
-Bruce Kovner

In a bear market, you have to use sharp countertrend rallies to sell.
-Bruce Kovner

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose.
-Bruce Kovner

The most important rule of investing is to play great defense, not great offense. Every day I assume every position I have is wrong. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. Always maintain your sense of confidence, but keep it in check.
-Paul Tudor Jones

You need discipline, patience, and courage. You must have a willingness to lose, but a strong desire to win.
-Gary Biefeldt

Investing is like poker. You should only play the good hands, and drop out of the poor hands, forfeiting the ante.
-Gary Biefeldt

Fundamentals that you read about are typically useless as the market has already discounted the price.
-I call them "funny-mentals." However, if you catch on early, before others believe, then you might have valuable "surprise-a-mentals"”
-Ed Seykota