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5 Trading Quotes

Traders who are eternal optimists get absolutely killed because they have a habit of staying in long after the trade has turned into a loser. – Dan Zanger
Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. – Curtis Faith
Human beings are risk seekers when faced with negative outcomes and risk averse when faced with positive outcomes.
Great traders offer no excuses.
The less I cared about whether or not I was wrong, the clearer things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity. – Mark Douglas

Trading Wisdom

Traders who are eternal optimists get absolutely killed because they have a habit of staying in long after the trade has turned into a loser. – Dan Zanger
Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. – Curtis Faith
Human beings are risk seekers when faced with negative outcomes and risk averse when faced with positive outcomes.
If you can’t wait for good setups, you will be ready for them with less cash to trade. – Dan Zanger

Trading quote

“The word ‘trading’ is not the way I think of things. I may be a trader in the sense that my frequency of transactions is relatively high, but the word ‘investing’ would apply just as much, if not more. In my mind, trading implies an anticipation of a sale at the time of purchase. Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake. The balance between confidence and humility is best learned through extensive experience and mistakes. There should always be respect for the person on the other side of the trade. Always ask yourself: Why does he want to sell? What does he know that I don’t? All great traders are seekers of truth. The markets are always changing, and the successful trader needs to adapt to these changes.”