As money flows to real economy (Philly Fed etc), VOLATILITY in the stock market, together with VELOCITY of money, should uptick. BULLISH.

“Don't talk about your stocks! Don't brag about how much you're up! Don't worry about what other people own, worry about what you own! Keep a low profile!” - William J. O’Neil

When you get attached to short-term outcomes, you freeze your desire into a rigid framework that interferes with the whole idea of having the numbers work in your favor.

Be aware of your emotions as a trader is the key to become successful. Reflect your thoughts, words and actions all the time. Hope, frustration, fear, greed … that will kill your profits and turn a good strategy into a bad strategy.

“The market is a device for transferring money from the impatient to the patient.” Warren Buffet

"It's waiting that helps you as an investor, and a lot of people just can't stand to wait." -Charlie Munger

Become comfortable with uncertainty.

From ‘Tape Reading And Market Tactics’ - Humphrey Neill 1931

Another fave.

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! - Jesse Livermore

Fear is the worst enemy of a #trader. You goal must be to become a fearless #trader. Fear let you deviate from your plan and make you unable to react to opportunities. Work on that!

“Money is made by sitting, not trading.” Jesse Livermore

“All the math you need in the stock market you get in the fourth grade.” ~ Peter Lynch

Most traders would be best served to avoid all predictions and market calls, both their own and others, and focus on the current charts of the stocks and markets being traded. The objective is to be on the right side of the market, not make random guesses about the future.

The greatest traders have 6 key attributes: 1. They love their work 2. Consistentcy and risk control come first 3. Being disciplined is more important than being right 4. They always look to learn and improve 5. They specialize 6. They trust their process

Quote for the Day: “Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” –Warren Buffett #KFQuoteForTheDay

I can sense that people are looking for a certain future for markets but the truth is that there are no gurus. No one knows. We all do our best to use our experience and figure out the beautiful puzzle and put odds in our favour best we can

"The average long-term experience in investing is never surprising, but the short-term experience is always surprising." -Charles Ellis

Average people cannot withstand volatility. They sell and give up at the worst possible time. They see people with large gains and think it’s really easy, but in reality you have to tolerate short term pain. If you want above avg results you must handle above average volatility.

Marty Zweig's Trading Rules:

It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.