“Markets aren’t chaotic, just as the seasons follow a series of predictable trends, so does price action. Stocks are like everything else in the world. They move in trends, and trends tend to persist.” –Jonathan Hoening


“It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” –Charles Darwin


“The difference between a successful person and others is not a lack of strength, not lack of knowledge, but rather a lack of will.” –Vince Lambardi


“Rare events are always unexpected, otherwise they would not occur.” –Nassim Tnleb


“It often seems that trends create events more than events create trends.” –Jason Russell


“Volatility, risk and profit are closely related. Traders pay close attention to volatility because price changes affect their profits and losses. Periods of high volatility are highly risky to traders. Such periods, however, can also present them with opportunities for great profits.” –Unknown




William Au

10 Years of Position Trader

Founder of

Chief Equities Market of TFM