Wed. 1/27

2:45pm CST - FOMC day always adds some movement. Had a few signals after announcement two of which worked beautifully but I had already had my daily fill so I sat on my hands as per plan.

RESULTS FOR DAY
ES Contracts:	3
Net $P/L:	741
Wins:	1
Losses:	0
Win%:	100
Avg$Win:	741
Avg$Loss:	0

In other news, most all of these quotes will likely speak to you as well as they did me! (Source: tradeciety.com)
Jesse Livermore talks a lot about the importance of respecting your rules and learning from failures:
1 – What beat me was not having brains enough to stick to my own game. …there is the Wall Street fool, who thinks he must trade all the time.
2 – The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street among the professionals who feel that they must take home some money every day, as though they were working for a regular wage.
3 – It never was my thinking that made me the big money for me. It always was my sitting.
4 – It is almost as important to know what not to do as to know what should be done.
5 – A man must believe in himself and his judgment if he expects to make a living at this game. That’s why I don’t believe in tips.
6 – Without faith in his own judgment no man can go very far in this game.
7 – Courage in a speculator is merely confidence to act on the decision of his mind.
8 – A man can excuse his mistakes only by capitalizing them to his subsequent profit.
9 – The game taught me the game. And it didn’t spare the rod while teaching.
10 – If I hadn’t made money some of the time I might have acquired market wisdom quicker.
11 – I had been studying trying to locate the exact trouble with my system that had been responsible for my defeat.
12 – There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win.
13 – A man will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile.
14 – I was convinced whatever was wrong was wrong with me and not with the market.
15 – I never argue with the tape. Getting sore at the market does not get you anywhere.
16 – A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss, that is what does the damage to the pocketbook and to the soul.
17 – Stocks are never too high to buy or too low to sell.
18 – One of the most helpful things that anybody can learn is to give up trying to catch the last eighth or the first. These are the two most expensive eighths in the world.
19 – Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss must develop into a much bigger loss, and hope that his profit may become a big profit.