Your favorite trading quote(s) ?

GotherL said:
The market doesn't care about you. They don't care about your family, your feelings and they particularly don't care about your wallet.
More...
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That' s a good practical point;
we saw an Elite Trader today that thought + noted the market was out to get him/rip him off. [AS if the markets were waiting on him+ his position for sell + buy signal LOL]:D:D
Usually exceptions to any rule;
WMT, local banks, RF, MCD,YUM,AMZN MSFT..... may not care about my feelings. but those , while not a stock tip have been polite + better than average group for my wallet.
Most companies in SPY, QQQ tend to be better than average, even if they dont care about my feelings.
 
TrAndy2022 said:
Yvan Byeajee
Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.

Yvan Byeajee
You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.

Yvan Byeajee
The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade.

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1. You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.
Alexander Elder
Comment: Trading can be very exciting and rewarding, given you understand the foundations of the market and know what you’re doing.

2. I believe in analysis and not forecasting.
Nicolas Darvas
Comment: Without analysis, trading would pretty much resemble gambling. You can make a sound trading decision only if you’ve previously analysed the market.

3. A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.
Van K. Tharp
Comment: If you really want to succeed in trading, you need to treat trading as a full-time business and not as a part-time hobby. Learning how to trade successfully can be a tough endeavour.

4. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
Comment: In his quote, Buffet recommends to be one step ahead of the crowd. When everyone is buying, chances are that the price could reverse soon. Similarly, when everyone is selling, lower market prices create a great buying opportunity.

5. When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.
Randy McKay
Comment: Never chase the market for trades. If you have a losing streak, take a break and let your emotions cool down.

6. The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.
Victor Sperandeo
Comment: The discipline of keeping your emotions under control is what makes or breaks a trader. If a trade goes against, inexperienced traders tend to wait for the trade to reverse – They don’t want to close it with a loss. However, that’s exactly what successful traders do.

7. What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.
William O’Neil
Comment: Markets are nothing more than a crowd of buyers and sellers. Greed and fear cause high prices to go even higher and low prices to go even lower – until the bubble bursts.

8. You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Warren Buffett
Comment: As another quote said, trading is not about intelligence but emotional discipline. The guy who is patient, disciplined and has strict money management rules will likely outperform the guy with a high IQ.

9. Money is made by sitting, not trading.
Jesse Livermore
Comment: This is a powerful one by Jesse Livermore. Placing a trade is straightforward and simple, but you have to do your analysis to make sure that the trade has a high success rate. Analysis and patience make up 99% of the work, placing a trade the remaining 1%.

10. That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?
Paul Tudor Jones
Comment: If you have difficulties falling asleep at night, chances are that you’re taking too much risk on your trades. Never risk more than you can afford to lose on a single trade.

Learn how to handle risk at our community:

11. The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
Ed Seykota
Comment: Here’s another quote that emphasises the importance of risk management. Cut your losses short and let your profits run, and you may succeed.

12. Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness… Paradoxically (and as an unintended consequence) your trading performance will improve significantly.
Yvan Byeajee
Comment: Many traders start to trade because of the potential reward. However, just like in other activities, you have to love your job to be good at it. Don’t focus too much on the money, but rather enjoy your trading journey. If you have problems in doing so, ask yourself whether trading is the right career path for you.

13. Confidence is not “I will profit on this trade.” Confidence is “I will be fine if I don’t profit from this trade.
Yvan Byeajee
Comment: Trading is all about controlling your emotions and risk management. Don’t expect to be right on every single trade – even professional traders aren’t.

14. You don’t need to trade often. If you can catch one or two moves to the targets during the day with good size, you can make a good living and keep trading costs down
Unknown
Comment: Overtrading is a major mistake that beginners in the market make. You’ll be good even with one or two trades per day, week or even month. The point is to pick those trades that have the highest probability of success. This also keeps trading costs down.

15. Don’t blindly follow someone, follow market and try to hear what it is telling you.
Jaymin Shah
Comment: Avoid following self-proclaimed market gurus. Try to build your own view of the market. If you’re a technical trader, keep in mind that the price is already discounting fundamental information and market news.

16. Losses are necessary, as long as they are associated with a technique to help you learn from them
David Sikhosana
Comment: This is a powerful quote from David. We can’t avoid losses, but we can follow a strict and sound trading plan and fine-tune it after each losing trade. Was your entry point the problem, or your stop-loss? What was your entry trigger? Identify the reason for the losing trade.

17. Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you
Larry Hite
Comment: Another great quote on risk management (as we said, there will be plenty of them.)

18. 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
Comment: Successful traders have a large chance to make a profit even from a bad trade. Why? Because they know what’s the right time to exit a trade.

19. It does not matter how slowly you go as long as you do not stop.
Confucius
Comment: Ok I admit, Confucius wasn’t a Forex trader, but many of his quotes can be related to trading. It’s consistency that makes a great trader.

20. The goal of a successful trader is to make the best trades. Money is secondary.
Alexander Elder
Comment: Forget about money. Trading is a business that you need to love to be good at it.

21. The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.
Jesse Livermore
Comment: It’s hard to rely on trading to make a living, although there are many traders who achieve that. You don’t have to take a trade every single day. Also, if you’re after a regular (and stable) income, well, then trading may be not the right career path for you.

22. It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
Anthony Robbins
Comment: Great traders aren’t born or made overnight. It takes patience, discipline and consistency to master the art of trading.

23. Learn to take losses. The most important thing in making money is not letting your losses get out of hand
Marty Schwartz
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Comment: Losses are an integral part of any trader’s life. Losses are not the problem, it’s the ignorance of risk and money management and letting your losses get out of control that is.

24. I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.
Marty Schwartz
Comment: A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.

25. In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
Peter Lynch
Comment: Even professional traders have a winning rate closer to 50-60% than you might think. It’s not the winning rate that determines the profitability of a trader – it’s the amount of profits that the trader makes relative to his or her losses.

26. It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you’ll do things differently.
Warren Buffett
Comment: Building a reputation is hard. It takes one bad decision, one bad trade to ruin everything.

27. If you personalize losses, you can’t trade.
Bruce Kovner
Comment: Never take losses personally. Markets are neither moral nor amoral – they’re immoral.

28. I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have
Paul Tudor Jones
Comment: As traders, the most important step we need to do is to preserve our trading capital at all times. Only then should we think about profits and making money.

29. You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.
Yvan Byeajee
Comment: Another powerful quote from Yvan, that tells us trading is not all about making money and a regular income. There are no guarantees in trading. You need to appreciate what you already have to enjoy trading.

30. Markets change their behavior faster than people can change their minds… That is why intraday trading is so difficult
Unknown
Comment: Intraday trading is full of market noise and over-reaction to news. Sentiment can change quite fast on short-term timeframes, often faster than traders’ minds.

31. Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.
Yvan Byeajee
Comment: We decided to put this as the last quote in our list because of its timeless wisdom. Trading is all about patience, focus, control of emotions and similar skills that can be found in meditation for example. That’s why some traders don’t make it in the market despite their efforts.

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1. “The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder

Meaning: A quote to remind you to focus on getting the trade to work first! Money is the reward, an outcome of a successful trade. Thinking solely about the reward will cloud your judgement.



Inspirational trading quotes by Steve Clark

2. “Do more of what works and less of what doesn’t.” - Steve Clark

Meaning: A great quote to remind yourself to keep track of what is working in your trading strategy and what isn’t. If something isn’t working for you, cut it. Remember to keep a trading journal!



Inspirational trading quotes by Michael Covel

3. “Never, ever argue with your trading system” - Michael Covel

Meaning: It will never get you anywhere! And let’s face it, it’s probably not the systems’ fault. If it’s really doing you no good, change it!



Inspirational trading quotes by Peter Lynch
4. “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch

Meaning: The best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.



5. “All the math you need in the stock market you get in the fourth grade.” - Peter Lynch

Meaning: A trading quote to remind you to keep your trading strategy simple. The more complex your trading strategy is, the more things can go wrong.



Inspirational trading quotes by Bruce Kovner

6. “Novice Traders trade 5 to 10 times too big. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on.” - Bruce Kovner

Meaning: As a rule, when you first start trading, never risk more than one or two percent of your trading account on a trade. For example, if you have $3,000 in your account, never trade more than $30.



Inspirational trading quotes by Robert Arnott

7. “In investing, what is comfortable is rarely profitable.” - Robert Arnott

Meaning: You need to take risks in order to make a profit. If there’s no risk in the trades your making, you cannot expect to really make a living as a trader.



8. “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” - Jack Schwagger

Meaning: An inspirational trading quote to remind you to stop looking for shortcuts! In reality, no one really knows how to crack the market and be successful all the time.



Inspirational trading quotes by Bill Lipschutz

9. “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz

Meaning: The best traders know that patience is the key to making successful trades. Don’t trade too often and avoid overtrading.



Inspirational trading quotes by Bernard Baruch
10. “In trading/investing, it’s not about how much you make but rather how much you don’t lose.” - Bernard Baruch

Meaning: Before you make a trade, you need to understand your risk-reward ratio. Proper risk management is more important than making money.



11. “Every trader has strengths and weaknesses. Some are good holders of winners but may hold their losers a little too long. Others may cut their winners a little short but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” - Michael Marcus

Meaning: What works for you as a trader may not work for others. Every trader has their own trading style.



Inspirational trading quotes by John Bogle

12. “Time is your friend; impulse is your enemy.” - John Bogle

Meaning: Another motivational trading quote to remind you to be patient. Take your time and don’t give in to your impulses.

Inspirational trading quotes by Jesse Livermore

13. “There is a time to go long, a time to go short and a time to go fishing.” - Jesse Livermore

Meaning: Another inspirational trading quote about trading less rather than more. Having a break from trading can often make you a better trader.



14. “Do not anticipate and move without market confirmation - being a little late in your trade is your insurance that you are right or wrong.” - Jesse Livermore

Meaning: A great tip for traders who use analysis. You need to wait and confirm that a trend is emerging before making a trade. That way you can be sure your trading strategy will work.



15. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” - Jesse Livermore

Meaning: The perfect trading quote for someone who forgets that trading is not like a regular nine to five job. You won’t make money every day and, if you’re successful, you won’t need to.



16. “Money is made by sitting, not trading.” - Jesse Livermore

Meaning: Sit and wait for the right opportunity. Awesome trading quote about patience.



17. “I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” - Jesse Livermore

Meaning: It’s a well-known fact that markets repeat themselves! If a situation appeared before, it will certainly reappear.



18. “Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.” - Mark Douglas

Meaning: It doesn’t matter how good your market analysis is, it can still be wrong. You need to remember that it is not an exact science.



Inspirational trading quotes by Mark Douglas

19. “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” - Mark Douglas

Meaning: The perfect trading quote for highlighting the importance of being a detached trader. Don’t give in to the pressure the market puts on you.



20. “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions.” - Jack Schwagger

Meaning: Stop watching the market so closely. You’ll only end up trading too much, which is risky and/or close good positions too early. Either way, you’ll lose money.



Inspirational trading quotes by Peter Borish

21. “We want to perceive ourselves as winners, but successful traders are always focusing on their losses.” - Peter Borish

Meaning: Successful traders think more about protecting what they already have. That is always more important than making more money.



22. “Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” - Larry Hite

Meaning: A superb trading quote about understanding risk. If you don’t respect risk, you will fail as a trader.



Inspirational trading quotes by Larry Hite

23. “Frankly, I don’t see markets; I see risks, rewards, and money.” - Larry Hite

Meaning: Another one for keeping things simple! Remove everything else from your mind and focus on the key elements of trading.



24. “I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think anyone book will do it for you.” - Charlie Munger

Meaning: Good traders never stop learning. Even when they become pros at trading, they are still learning.



Inspirational trading quotes by Benjamin Graham

25. “In the short run, the market is a voting machine, but in the long run it is a weighing machine.” - Benjamin Graham

Meaning: The market acts like a popularity contest in the short term, but in the long-term, we see the real value behind a market instrument.



Inspirational trading quotes by Tony Robbins

26. “It’s not what we do once in a while that shapes our lives. It’s what we do consistently.” - Tony Robbins

Meaning: Smart words for trading and for life! In order to be considered a successful trader, you need to focus on making consistent trades over time.



27. “Bulls make money, bears make money, pigs get slaughtered.” - Unknown

Meaning: You can make money when the market is going up and down, but you won’t make money if you’re greedy.



28. “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” - Paul Samuelson

Meaning: Trading is not the same as gambling. It’s not about having fun, it’s about working out the right time to make your move.



Inspirational trading quotes by Peter Bernstein

29. “The fundamental law of investing is the uncertainty of the future.” - Peter Bernstein

Meaning: You can never be sure of what will happen. It doesn’t matter how good your research is, you will never be completely right.



Motivational trading quotes by Alexander Elder
30. “You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.” - Alexander Elder

Meaning: Perhaps one of the most inspirational trading quotes to remind you how liberating it is to be a trader!



31. “You have to identify your weaknesses and work to change. Keep a trading diary – write down your reasons for entering and exiting every trade. Look for repetitive patterns of success and failure.” - Alexander Elder

Meaning: This motivational trading quote is maybe one of the most actionable. Take heed and find out what works for you.



Inspirational trading quotes by Jason Klatt

32. “Sheer will and determination is no substitute for something that actually works.” - Jason Klatt

Meaning: Motivation is not enough to become a successful trader. You need knowledge, specifically knowledge of what works for you.



Inspirational trading quotes by George Soros

33. “Short-term volatility is greatest at turning points and diminishes as a trend becomes established.” - George Soros

Meaning: Great words from a trading legend. Remember this quote when putting together a trading strategy that utilises trends.



34. “Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.” - George Soros

Meaning: Although we can never be 100% sure what direction the markets will move, some things can be estimated and some things can’t.



35. “It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” - George Soros

Meaning: Another excellent quote for risk-reward ratios. And another example of a top trader keeping losses in mind at all times.



Inspirational trading quotes by Henrique M Simoes

36. “In trading, the impossible happens about twice a year.” - Henri M Simoes

Meaning: A helpful reminder that every so often the unbelievable will happen. Keep your eyes peeled for those moments.



37. “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behaviour.” - Brett Steenbarger

Meaning: You can’t fit the market around your strategy, you can only fit your strategy around the market.



38. “Never invest in any idea you can’t illustrate with a crayon.” - Peter Lynch

Meaning: A hilarious motivational quote that reminds us to keep trading simple. If something is too complicated, it means there are more chances of it going wrong.



See Also: Invest like Peter Lynch - The Stock Picking Expert



Inspirational trading quotes by Larry Connors

39. “I get real, real concerned when I see trading strategies with too many rules (you should too).” - Larry Connors

Meaning: Just like the above, this is a great trading quote about keeping trading strategies simple. The fewer the rules there are the better.



Inspirational trading quotes by Jim Rogers
40. “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” - Jim Rogers

Meaning: Patience is one of the most valued skills in trading. You have to remember to only strike when the time is right!



Inspirational trading quotes by Nicolas Darvas

41. “I believe in analysis and not forecasting.” - Nicolas Darvas

Meaning: A good quote for keeping trading scientific and in the moment. Try to keep forecasting to a minimum, if possible.



Inspirational trading quotes by Yvan Byeajee

42. “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” - Yvan Byeajee

Meaning: Attaining the skills to become a great trader is a lifelong journey. To be successful requires you to make changes in your life.



43. “Focus, patience, wise discernment, non-attachment - the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” - Yvan Byeajee

Meaning: Four essential skills any successful trader needs. They won’t just help you trade better, they can also help you lead a better life.



44. “Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” - Yvan Byeajee

Meaning: Excellent advice on trader psychology. You need to have the right approach to winning and losing trades.



45. “You will never find fulfilment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” - Yvan Byeajee

Meaning: A great trading quote to remind you to appreciate and protect what you already have. Understanding risk means appreciating what you already have.



Inspirational trading quotes by Andreas Clenow
46. “Beware of trading quotes.” - Andreas Clenow

Meaning: A hilarious quote to remind you that inspirational trading quotes are not enough to be a successful trader!



Inspirational trading quotes by Martin Schwartz

47. “Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” - Martin Schwartz

Meaning: In order to avoid losses, you must first understand and respect them. But more importantly, you need to mentally accept them.



48. “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” - Martin Schwartz

Meaning: Smart traders trade less not more! Don’t let yourself get caught up in the market!



49. “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.” - Martin Schwartz

Meaning: Another important reminder to look after what you already have.



50. “I have learned through the years that after a good run of profits in the markets, it’s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.” - Martin Schwartz

Meaning: Similar to the above, this inspirational trading quote is a reminder that you need to take a break from the markets every so often to avoid overtrading and losing what you have. Reward yourself!



51. “I always laugh at people who say, ‘I’ve never met a rich technician.’ I love that! It’s such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician.” - Martin Schwartz

Meaning: A good quote to remind yourself of the importance of technical analysis.



52. “When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” - Randy McKay

Meaning: Trading on emotions is one of the riskiest things you can do. If you think you’re acting on emotion rather than the state of the market, you need a break.



53. “I’ll keep reducing my trading size as long as I’m losing… My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.” - Randy McKay

Meaning: A great trading strategy to reduce losses. Every time you lose a trade, reduce the amount you are trading.



Inspirational trading quotes by Phillip Fisher

54. “The stock market is filled with individuals who know the price of everything, but the value of nothing.” - Phillip Fisher

Meaning: In trading, the price of an instrument isn’t as important as the value it gives you.



Inspirational trading quotes by Robert G Allen

55. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” - Robert G. Allen

Meaning: A great point illustrating that a saving account will never make you rich. Trading is a much more effective way to create wealth.



Inspirational trading quotes by David Sikhosana

56. “Losses are necessary, as long as they are associated with a technique to help you learn from them” - David Sikhosana

Meaning: Essentially losses are only a bad thing when you fail to learn from them. By learning from your losses, you are less likely to repeat them.



Inspirational trading quotes by Paul Tudor Jones

57. “Every day I assume every position I have is wrong.” - Paul Tudor Jones

Meaning: It may not sound that inspirational, but this quote speaks volumes about the importance of mentally preparing for being wrong.



58. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones

Meaning: As that old saying goes ‘knowledge is power. With trading that is undeniably true.



59. “Trading is very competitive and you have to be able to handle getting your butt kicked.” - Paul Tudor Jones

Meaning: Don’t give up just because your trading plan fell apart. You need to learn from that experience and keep going!



60. “That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?” - Paul Tudor Jones

Meaning: This trading quote highlights how important it is to diversify your portfolio. Never risk anything on just one trade.



61. “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” - Paul Tudor Jones

Meaning: Another fine quote from Paul Tudor Jones on the importance of protecting what you have.



Inspirational trading quotes by Benjamin Franklin

62. “An investment in knowledge pays the best interest.” - Benjamin Franklin

Meaning: This inspirational trading quote has to be one of the smartest. The more you know about what you trading, the more likely you are to make an informed trade, one that gives better results.



Inspirational trading quotes by Richard Branson

63. “Do not be embarrassed by your failures, learn from them and start again.” - Richard Branson

Meaning: While Richard Branson might not be a trader, his words speak a lot of truth. Learn from your mistakes and keep going.



Inspirational trading quotes by Sun Tzu

64. “He who knows when he can fight and when he cannot, will be victorious.” - Sun Tzu

Meaning: Another quote from outside the trading world. Essentially, by knowing when to trade and when not to trade, you will be successful.



Inspirational trading quotes by Ed Seykota

65. “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” - Ed Seykota

Meaning: Losing a trade is not the end of the world. If you learned something from it, you still got something out of it.



66. “The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” - Ed Seykota

Meaning: Not all of your trades will be successful. Therefore, you can only become a good trader by learning how to minimise your losses.



67. “The trend is your friend until the end when it bends.” - Ed Seykota

Meaning: Wordplay on the famous phrase ‘the trend is your friend’. You need to remember that trends never last forever.



Inspirational trading quotes by Sami Abusaad

68. “Are you willing to lose money on a trade? If not, then don't take it. You can only win if you're not afraid to lose. And you can only do that if you truly accept the risks in front of you.” - Sami Abusaad

Meaning: A fine trading quote that once again illustrates the importance of understanding risks and how it relates to success.



Motivational trading quotes by Bruce Kovner

69. “If you personalise losses, you can't trade.” - Bruce Kovner

Meaning: Emotion has no place in the trading arena. If you want to trade, you need to remove it.



70. “I know where I’m getting out before I get in.” - Bruce Kovner

Meaning: A clever quote for entry and exit strategies. Before you start your strategy, you need to know where you’ll enter and exit.



Inspirational trading quotes by Tom Basso

71. “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

Meaning: Sure, when you break it down trading is all about buying and selling, but without the right mindset and risk management skills, many things can go wrong.



Inspirational trading quotes by Justin Mamis

72. “Stocks are bought not in fear but in hope. They are typically sold out of fear.” - Justin Mamis

Meaning: An excellent quote about trader psychology. Many of the actions undertaken by novice traders and motivated by emotions.



Inspirational trading quotes by William O'Neil

73. “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” - William O'Neil

Meaning: The market will often beat your expectations, but that doesn’t mean you should count on that happening!



74. “Letting losses run is the most serious mistake made by most investors.” - William O'Neil

Meaning: Once again, another inspirational trading quote highlighting how important reducing losses is to be profitable.



Inspirational trading quotes by Warren Buffett

75. “The market is a device for transferring money from the impatient to the patient.” - Warren Buffet

Meaning: The impatient will always lose out to the patient. Patience is one of the most valued skills you can have as a trader.



76. “You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” - Warren Buffet

Meaning: Intelligence is not always the most important thing about trading. There are a wealth of other factors at play.



77. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffet

Meaning: Another fine quote from Warren Buffet about emotions and making money trading.



78. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” - Warren Buffet

Meaning: All it takes is one little mistake to lose everything. That’s why you need to be cautious when trading and understand the risks.



79. “Look at market fluctuations as your friend rather than your enemy.” - Warren Buffet

Meaning: Market fluctuations present you with opportunities to enter and exit the market, don’t be afraid of them.



80. “Profit from folly, rather than participate in it.” - Warren Buffet

Meaning: Make sure the only mistakes you see are the mistakes of others, not your own. When others are making a mistake, it’s a chance for you to profit.



Inspirational trading quotes by John Maynard Keynes

81. “Markets can remain irrational longer than you can remain solvent.” - John Maynard Keynes

Meaning: An important reminder that market volatility can swallow your whole trading account if you’re not careful.



Inspirational trading quotes by Gerald M Loeb

82. “Accepting losses is the most important single investment device to ensure the safety of capital.” - Gerald M. Loeb

Meaning: If you fail to accept your losses and start chasing them instead, you’re putting all of your capital a risk!



Inspirational trading quotes by Seth Klarman

83. “The hard part is discipline, patience and judgement.” - Seth Klarman

Meaning: Trading is in a sense easy, but acquiring the skills to trade well can be difficult.



84. “In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” - Seth Klarman

Meaning: Your analysis will never be completely correct and it is important to recognise that.



Inspirational trading quotes by Tony Saliba

85. “I always define my risk, and I don’t have to worry about it.” - Tony Saliba

Meaning: The first step every trader should undertake before making a trade is to define their risk!



Inspirational trading quotes by Jim Cramer

86. “Hope is [a] bogus emotion that only costs you money.” - Jim Cramer

Meaning: Never base your trades on hope. Instead, they should be well-informed based on the information and analysis you have at hand.



87. “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” - Victor Sperandeo

Meaning: Another fine trading quote about cutting losses. If you don’t, you’ll never be consistently successful.



Inspirational trading quotes by Linda Raschke

88. “All you need is one pattern to make a living.” - Linda Raschke

Meaning: The simplest patterns often reap the best rewards. If you can learn to use them you can make a living from trading.



89. “Sometimes the best trade is no trade.” - Unknown

Meaning: A well-known trading quote. You don’t need to trade all the time to be successful.



90. “Patterns don't work 100% of the time. But they are still critical because they help you define your risk. If you ignore patterns and focus on hunches, feelings, and hot tips, just forget about achieving consistency.” - Ifan Wei

Meaning: If you want to be a consistently successful trader, you need to work with patterns!



Inspirational trading quotes by Martin Zweig

91. “It’s ok to be wrong; it’s unforgivable to stay wrong.” - Martin Zweig

Meaning: A clever quote to remind you to learn from your mistakes.



Inspirational trading quotes by Sir John Templeton

92. “The four most dangerous words in investing are: This time it's different.” - Sir John Templeton

Meaning: It’s only ever different if you learned from your mistakes last time!



Inspirational trading quotes by Steve Burns

93. “There is a huge difference between a good trade and good trading.” - Steve Burns

Meaning: Anyone can make a good trade, but not everyone can be a consistently good trader.



Inspirational trading quotes by Rob Smith

94. “Buy things that are going up. Sell things that are going down. And when they stop, get out!” - Rob Smith

Meaning: Buying when low and selling when high is not enough. You also need to know the direction the instrument will move in.



Inspirational trading quotes by Jaymin Shah

95. “Don’t blindly follow someone, follow [the] market and try to hear what it is telling you.” - Jaymin Shah

Meaning: Never follow people’s advice without doing your own research. Your own research is always more valuable.



96. “You never know what kind of setup [the] market will present to you, your objective should be to find [an] opportunity where risk-reward ratio is best.” - Jaymin Shah

Meaning: The market is never the same, it always changes. Every time you trade you need to reevaluate the situation looking for a favourable risk-reward ratio.



Inspirational trading quotes by Mark Harila

97. “What's the difference between a pro and an amateur? Professionals look for what's wrong with a setup. Amateurs only look for what's right.” - Mark Harila

Meaning: When you get to the point of being a professional trader, you look more for errors than anything else. Amateurs often fail to do that.



98. “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” - Van K. Tharp

Meaning: A great trading quote that sums up what a great trader needs. Most importantly highlighting learning from mistakes and having a plan.



Inspirational trading quotes by Joel Grenblatt

99. “As much as possible you don’t want to be well paid merely for taking big risks. Anyone can manage that. You want to be well-paid because you did your homework.” - Joel Greenblatt

Meaning: Being risky doesn’t pay off. What really pays off is researching what you’re trading and setting yourself goals.



Inspirational trading quotes by Scott Redler

100. “Traders need a daily routine that they love. If you don't love it, you're not gonna do it.” - Scott Redler

Meaning: A truly inspiring trading quote to remind you that you need a trading style that fits in



101. “Trade the market in front of you, not the one you want!” - Scott Redler

Meaning: Your trading strategy should reflect the reality of the market. You can’t just apply any strategy you like.

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While trading quotes can be taken out of context, and it is crucial to have a full understanding of what the trader meant at the time, they can also give traders important insights. I asked some of my followers for their favorite trading quotes. There were a lot of great suggestions, but here are the top 50 that I’d like to share.

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.” – Jesse Livermore
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
“Everyday I assume every position I have is wrong.” – Paul Tudor Jones
“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”
– Jim Rogers
“You can lose your opinion of you can lose your money.” – Adam Grimes
“I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.” – Larry Hite
“Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota
“Bulls make money, bears make money, pigs get slaughtered.”
“Take your profits or someone else will take them for you.” – J.J. Evans
“Beware of trading quotes.” – Andreas Clenow
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
“There is a huge difference between a good trade and good trading.” – Steve Burns
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
“Some people make shoes. Some people make houses. We make money, and people are willing to pay us a lot to make money for them.” – Monroe Trout
“Only The Game , Can Teach You The Game” – Jesse Livermore
“Losers average losers.” (Sign in Paul Tudor Jones office).
“Trade the market in front of you, not the one you want!” – Scott Redler
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory @SharpTraders
“In trading the impossible happens about twice a year.” – Henri M Simoes @TraderHMS
“The trend is your friend – until it stabs you in the back with a chopstick.” – @StockCats
“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
“Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” – Bruce Kovner
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
“A rising tide lifts all boats over the wall of worry and exposes bears swimming naked.” – @StockCats
“All you need is one pattern to make a living.” – Linda Raschke
“All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
“5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of time and still not lose.” – Paul Tudor Jones
“The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
“The trend is your friend until the end when it bends.” – Ed Seykota
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – @Sunrisetrader
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
In trading, everything works sometimes and nothing works always.”
“The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
“IF YOU WANT TO BE A LEDGE… FIND YOUR EDGE…” – Tom Dante @Trader_Dante
“By living the philosophy that my winners are always in front of me, it is not so painful to take a loss.” – Marty Schwartz
“Sometimes the best trade is no trade.” – Anonymous
“Hope is bogus emotion that only costs you money.” – Jim Cramer
“One day does not make a trend.” – Anonymous
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager (paraphrase)
“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
“Don’t fight the Fed.” – Marty Zwieg
“You’re going to learn a million things, then you need to forget them all and focus on one.” – @SunriseTrader
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb

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1) The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
-Warren Buffett

2) If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
-Bernard Baruch

3) I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.
-Jesse Livermore

4) Traders need a daily routine that they love. If you don't love it, you're not gonna do it.
-Scott Redler, Chief Strategic Officer of T3 Live

5) Our main job is to know when to embrace risk, and when to hold back.
-David Prince of T3's Inner Circle

6) You don’t make money by trading, you make it by sitting. It takes patience to wait for the trade to develop, for the opportunity to present itself. Let the market come to you, instead of chasing the market. Chart patterns are very accurate. They have proven their accuracy and predictability time and time again, but you have to wait for them to develop.
-Fred McAllen

7) Are you willing to lose money on a trade? If not, then don't take it. You can only win if you're not afraid to lose. And you can only do that if you truly accept the risks in front of you.
-Sami Abusaad, Head of Strategic Day Trader and Strategic Swing trader

8) We don't care about "why." Real traders only have the time and interest to care about "what" and "when" and "if" and "then."
"Why" is for pretenders.
-JC Parets, Founder of All Star Charts and Eagle Bay Capital

9) The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
-Paul Tudor Jones

10) "The biggest risk of all is not taking one."
-Mellody Hobson

11) Trading is not for the dabblers, the dreamers, or the desperate. It requires, above all, one steadfast trait – dedication. So if you are going to trade, trade like you mean it!
-Rod Casilli

12) Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.
-Albert Einstein, Theoretical Physicist & Nobel Prize Winner

13) Patterns don't work 100% of the time. But they are still critical because they help you define your risk. If you ignore patterns and focus on hunches, feelings, and hot tips, just forget about achieving consistency.
-Ifan Wei, T3 Live Strategic Day Trader Room Moderator

14) You learn in this business... if you want a friend, get a dog.
-Carl Icahn

15) If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.
-Bill Lipschutz

16) The four most dangerous words in investing are: 'this time it's different.'
-Sir John Templeton

17) The most important three words in investing is: “I don’t know.” If someone doesn’t say that to you then they are lying.
-James Altucher

18) I always define my risk, and I don’t have to worry about it. I walk into the pit every day with a clean slate, so that I can take advantage of what is going on.
-Tony Saliba

19) A risk-reward ratio is important, but so is an aggravation-satisfaction ratio.
-Muriel Siebert

20) Never confuse your position with your best interest. Many traders take a position in a stock and form an emotional attachment to it. They'll start losing money, and instead of stopping themselves out, they’ll find brand new reasons to stay in. When in doubt, get out!
-Jeff Cooper, Author of the Daily Market Report

21) Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
-George Soros

22) People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.
-Peter Lynch

23) The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.
-William J. O'Neil

24) I think to be in the upper echelon of successful traders requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn.
-Michael Marcus

25) Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.
-Bruce Kovner

26) Price lies all the time. Facebook can be valued at $40 billion and then $20 billion and then $200 billion inside of a four-year period of time. Which of these prices is the truth? None of them. But all of them were momentarily true, until they were rendered a lie, and a new truth was forged in the fires of the marketplace. Sunrise, sunset. Prices change and, with them, the truth itself.
-Josh Brown

27) Markets can remain irrational longer than you can remain solvent.
-John Maynard Keynes

28) In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.
-Ray Dalio

29) A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.
-Van K Tharp

30) There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
-Jack Schwager

31)When the public is most frightened, only the strong are left, and that's when the market is in the best possible hands."
-Victor Niederhoffer, Legendary Trader & Money Manager

32) Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.
-John Bogle

33) To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.
-Ari Kiev

34) I rarely think the market is right. I believe non-dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it.
-Mark Cuban

35) The most important thing about an investment philosophy is that you have one.
-David Booth

36) Predicting the stock market is really predicting how other investors will change estimates they are now making with all their best efforts. This means that, for a market forecaster to be right, the consensus of all others must be wrong and the forecaster must determine in which direction-up or down-the market will be moved by changes in the consensus of those same active investors.”
-Burton G. Malkiel

37) As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.
-Jim Cramer

38) The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
-Jim Rogers

39) No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.
-Robert Rhea

40) Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.
-Aaron Brown

41) There are old traders and there are bold traders, but there are very few old, bold traders.
-Ed Seykota

42) Panics do not destroy capital - they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works.
-John Stuart Mill

43) ...I tend to generate a plentiful supply of ideas, the vast majority of which turn out to be bad ones. In some cases, they involve transplanting computational techniques from one application to another, and there's usually a good reason why the destination field isn't already using that technique. I also have a remarkable capacity to delude myself into thinking that each idea has a higher probability of working than it really does, which provides me with the motivation I need to keep working on it. And, every once in a while, I stumble on an idea that actually works.
-David Shaw

44) History repeats because of the weakness of human nature. The greed for quick fortunes has cost the public countless millions of dollars. Every experienced stock trader knows that overtrading is his greatest weakness, but he continues to allow this weakness to be his ruin. There must be a cure for this greatest weakness in trading, and that cure is STOP LOSS ORDERS. The weakest point must be overcome and the stop loss order is the cure for overtrading.
-WD Gann

45) The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.”
-Philip Fisher

46) Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.
-Michael Covel

47) I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.
-Richard Dennis

48) Trading is a psychological game. Most people think they are playing against the market, but the market doesn´t care. You’re really playing against yourself.
-Martin Schwarz

49) Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.
-Seth Klarman

50) The goal of a successful trader is to make the best trades. Money is secondary.
-Alexander Elder

51) Successful investing is anticipating the anticipations of others.
-John Maynard Keynes

52) For better or worse we’re a herd leader. We’re at the front of the pack, we are one of the first movers. First movers are interesting; you get to the good grass first, or sometimes the lion eats you.
-David Tepper

53) Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term.
-John Paulson

54) When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.
-Al Rizzo

55) Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.
-Arnold Schwarzenegger

56) Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck.
-Preet Bharara

57) Patterns of price movement are not random. However, they're close enough to random.
-Jim Simons

58) I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever evolving. I constantly learn and change.
-Thomas Busby

59) It's waiting that helps you as an investor, and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.
-Charlie Munger

60) The right time for a company to finance its growth is not when it needs capital, but rather when the market is most receptive to providing capital.
-Michael Milken

61) The policy of being too cautious is the greatest risk of all.
-Jawaharlal Nehru

62) There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.
-Larry Hite

63) And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.
-Martin Feldstein

64) In investing, what is comfortable is rarely profitable.
-Robert Arnott

65) The individual investor should act consistently as an investor and not as a speculator.
-Ben Graham

66) Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
-Paul Samuelson

67) We ignore outlooks and forecasts… we’re lousy at it and we admit it… everyone else is lousy too, but most people won’t admit it.
-Marty Whitman

68) You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.
-Joel Greenblatt

69) When it comes to macro events, you can either predict or react. I’ve proven time and again that my crystal ball is horrible, so my focus has to be on reacting to extremes in individual securities by selling at high valuations and buying at low valuations.
-Bruce Berkowitz

70) One of my greatest complaints about forecasters is that they seem to ignore their own records. The amazing thing to me is that these people will go on making predictions with a straight face, and the media will continue to carry them.
-Howard Marks

71) It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.
-Robert Kiyosaki

72) I made a killing in the stock market. My broker lost all my money, so I killed him.
-Jim Loy

73) If there was a single lesson I took away from Salomon Brothers, it is that rarely do all parties win. The nature of the game is zero sum. A dollar out of my customer’s pocket was a dollar in ours, and vice versa.
-Michael Lewis

74) Greed is all right, by the way. I think greed is healthy. You can be greedy and still feel good about yourself.
-Ivan Boesky

75) Billionaire thinking means resisting the temptation to micro-monitor every tick in the market index. You’ll have a better chance of making a billion, and you might live a lot longer, too.
-Martin Fridson

76) I believe in analysis and not forecasting.
-Nicolas Darvas

77) When I get hurt in the market, I get the hell out. It doesn't matter at all where the market is trading. I just get out, because I believe that once you're hurt in the market, your decisions are going to be far less objective than they are when you're doing well If you stick around when the market is severely against you, sooner or later they are going to carry you out.
-Randy McKay

78) The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
-Victor Sperandeo

79) Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
-Larry Summers

80) If all the economists were laid end to end, they'd never reach a conclusion.
-George Bernard Shaw

81) Remember, cash is a fact, profit is an opinion.
-Alfred Rappaport

82) Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place.
-Arthur Zeikel

83) It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.
-Robert J. Shiller

84) Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.
-Fred Schwed Jr.

85) How many millionaires do you know who have become wealthy by investing in savings accounts?
-Robert G Allen

86) If it’s obvious, it’s obviously wrong.
-Joe Granville

87) There is nothing riskier than the widespread perception that there is no risk.
-Howard Marks

88) The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.
-William Eckhardt

89) The older I get, the more I see a straight path where I want to go. If you’re going to hunt elephants, don’t get off the trail for a rabbit.
-T. Boone Pickens

90) "I get real, real concerned when I see trading strategies with too many rules... you should too."
-Larry Connors

91) One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
-William Feather

92) 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

93) The fundamental law of investing is the uncertainty of the future.
-Peter Bernstein

94) Anyone who is not investing now is missing a tremendous opportunity.
-Carlos Slim

95) I talk about macro themes a lot because they are fun to talk about, but it is the risk management that is the most important thing. The risk control is all bottom-up. I structured the business right from the get-go so that we would have lots of diversification.
-Michael Platt

96) Stocks Don't Move. They Are Moved
-Mr. Cooper

97) As a speculator you must embrace disorder and chaos.
-Louis Bacon

98) No price is too low for a bear or too high for a bull.
-Unknown

99) In today's regulatory environment, it's virtually impossible to violate rules.
-Bernie Madoff
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Hello TrAndy2022,

I have my own personal trading quotes I believe in is.

"There is 7 hours a day to trade, end the day with PnL showing GREEN."

"Recover trading losses within 5 to 7 hours"

"Get out of drawdown NOW"
 
Well, That's a good question for a book-worm!
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. This one from George Soros is my favorite one!
And not in trading, in all aspects of my life I find it helpful!
 
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