Felix Code

“Winners feel rewarded when price moves in their favor, and losers feel punished when it moves against them. Crowd members remain blissfully unaware that by focusing on price they create their own leader. Traders who feel mesmerized by prices create their own idols.”
― Anonymous

“Sirens were sea creatures of Greek myths who sang so beautifully that sailors jumped overboard and swam to them, only to be killed. When Odysseus wanted to hear the Sirens' songs, he ordered his men to seal their ears with beeswax but to tie him to the mast. Odysseus heard the Sirens' song but survived because he couldn't jump overboard. You ensure your survival as a trader when on a clear day you tie yourself to the mast of a trading plan and money management rules.”
― Anonymous

“Your human nature leads you to give up your independence under stress. When you put on a trade, you feel the desire to imitate others, overlooking objective signals. This is why you need to write down and follow your trading system and money management rules. They represent your rational individual decisions, made before you entered a trade.”
― Anonymous

“The problem for most analysts is that they get caught in the emotional pull of the groups they try to analyze.”
― Anonymous