Andrew Aziz Quotes

“Must mention as well that Dr. Steenbarger’s TraderFeed blog, as well as his YouTube channel, are definitely two of my favorite trading resources.”

“My biggest mistakes include, but are not limited to:

Revenge trading. Repeatedly trading the same choppy stock over and over as if it personally owes me money.

Overtrading. Thinking I can recover from losses by taking low quality setups in rapid succession. Not stopping at my daily goal or 11:30 AM. Slowly giving back all of my gains.

Not stopping out. Freezing like a deer in the headlights and letting a small loss grow into a big one.

Not taking a break after a bad trade. Continuing to trade when my psychology is in tatters.

Thinking I need to be in every move. Forcing bad trades rather than waiting for the chart to provide confirmation.

Averaging down. Increasing share size when losing. Trying to double down and recoup losses.”

“Now, I know what you’re thinkin’. How the heck does a 52-year-old, over-the-hill milkshake machine salesman build a fast food empire with 16,000 restaurants, in 50 states, in 5 foreign countries with an annual revenue of in the neighborhood of $700,000,000.00. One word... persistence.

Nothing in this world can take the place of good old persistence. Talent won’t. Nothing’s more common than unsuccessful men with talent. Genius won’t. Unrecognized genius is practically a cliché. Education won’t. Why the world is full of educated fools. Persistence and determination alone are all powerful.”