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"Trade what you see, not what you think." Joe Ross

Thanks vhehn. Do you have any idea who said or started that quote?

"Judge not, lest ye be judged." Matthew 7:1

Please post in the other thread "Good Trading Quotable Quotes". TQ

"To be a money master, you must first be a self-master." J. P. Morgan

"The whole secret to winning in the stock market is to lose the least amount possible when you're not right." William O'Neil

"Speculation, in its truest sense, calls for anticipation." Richard D. Wyckoff

"The more you understand the concept you are trading, how it might behave under all sorts of market conditions, the less historical testing you need to do." Tom Basso

"My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast....Letting losses run is the most serious mistake made by most investors." William O'Neil

"Every trader knows that market truth and practice are visceral, not cerebral. Market wisdom, like Samurai truth, is practical truth that can only be utilized and realized in action. It can never reside on the level of mere theory." Robert Koppel, Tao of Trading

"The way to build superior long-term returns is through preservation of capital and home runs...When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig." Stanley Druckenmiller

"There is a random distribution between wins and losses for any given set of variables that defines an edge. In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. What you don't know is the sequence of...

"It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!" Jesse Livermore

"The basic concept that applies to both poker and trading is that the primary objects is not winning the most hands, but rather maximizing your gains." Jeff Yass

"The fundamental law of investing is the uncertainty of the future." Peter Bernstein "There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time." Edwin Lefevre

"I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell." Tom Basso "The key to trading success is emotional discipline. If intelligence were the key, there...

Hi all, This thread is about Quotable Quotes or Words of Wisdom in Trading. I am building a collection of these quotes in my personal blog on trading together with other various aspects related to trading that might be useful. I hope to keep this thread clean with only EXACT quotes quoted...

"The fundamental law of investing is the uncertainty of the future." Peter Bernstein "There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time." Edwin Lefevre

"If I have positions going against me, I get right out; if they are going for me, I keep them... Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." Paul...

"Don't focus on making money; focus on protecting what you have." Paul Tudor Jones "I always define my risk, and I don't have to worry about it." Tony Saliba "The most important thing in making money is not letting your losses get out of hand." Marty Schwartz