The truth is that once you get down on the trading floor, you find that the traders come … - Linda Bradford Raschke

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Delhi is locked in a complete choking smog at the moment - they've had to close schools in one of the world's biggest cities. They have their own reasons for needing to get off fossil fuels fast.

Linda Bradford Raschke

The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.

Life, Rockets, Skills, Surf, Trader, Trading Floor

Same Author Quotes

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!

Losing, Majority, Participate, Real, Skills, Trades

Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched -- if it gets pulled too far, eventually it will snap back. As a short-term trader, I try to wait until the rubber band is stretched to its extreme point.

Band, Pulled, Rubber Bands, Trades, Trying, Waiting

Perhaps my number one rule is: Don't try to make a profit on a bad trade, just try to find the best place to get out.

Best Place, Make, Numbers, Perhaps, Place, Trying

I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory.

Believe, Distant, Strong, Swings, Time

If you ever have to ask someone else's opinion on a trade, you shouldn't be in it.

Ask, Asks, Opinion, Trade