A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from November 15, 2014
“You can’t eat like a bird and poop like an elephant” (trading adage)

Entry in progress—B.P.

Google Books
The Day Trader’s Manual:
Theory, Art, and Science of Profitable Short-Term Investing

By William F. Eng
New York, NY: Wiley
Pg. 42:
Short option positions will generate premium erosion on a constant basis; the few times that premiums do not erode, they explode with a vengeance. (The saying in the trading business goes as follows: Eat like a bird, excrete like an elephant.

Google Books
The Mind of a Trader:
Lessons in Trading Strategy from the World’s Leading Traders

By Alpesh B. Patel
London, England: FT Pitman
Pg. 105:
You can’t eat like a bird and s*** like an elephant.

Google Books
A Complete Guide to Technical Trading Tactics:
How to Profit Using Pivot Point, Candlesticks & Other Indicators

By John L. Person
Hoboken, NJ: John Wiley & Sons, Inc.
Pg. 7-78(?):
If you are wrong too often and do not see some profitable results or you have the “eat like a bird and crap like an elephant” syndrome (when a trader takes extremely small profits and lets devastating losers ride), stop trading.

Chad Sokoloff
Silver reminds me of the old saying… Commodities eat like a bird and dump like an elephant.  $SI_F
11:56 AM - 4 May 2011

Google Books
Chronicles of a Million Dollar Trader:
My Road, Valleys, and Peaks to Final Trading Victory

By Don Miller
Hoboken, NJ: John WIley & Sons, Inc.
Pg. ? (January 29, 2010):
Of course, the old adage that traders can’t eat like a bird and poop like an elephant remains valid, so the consistency during the rest of the time has to be able to offset the messes.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Saturday, November 15, 2014 • Permalink