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21 Trading Quotes

  
  Education
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1. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.” ~ Mark Twain
2. “The market can stay irrational longer than you can stay solvent.” ~ John Maynard Keynes.
3. “I never buy at the bottom and I always sell too soon.” ~ Baron Rothschild
4. “When the facts change, I change my mind. What do you do, sir?” ~ John Maynard Keynes
5. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” ~ Warren Buffett
6. “It is not our duty as speculators to be on the bull side or the bear side but upon the winning side.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
7. “The  principles of successful speculation are based on the supposition that people will continue in the future to make the mistakes that they made in the past.” ~ Thomas F. Woodlock
8. “It never was my thinking that made the big money for me. It was always my sitting tight. Got that?” ~ Mr. Partridge in Edwin Lefevre’s Reminiscences of a Stock Operator
9. “They say you never grow poor taking profits. No, you don’t.  But neither do you grow rich taking a four-point profit in a bull market.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
10. “Remember that prices are never too high for you to begin buying or too low to begin selling.  But after the initial transaction, don’t make a second unless the first shows you a profit.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
11. “A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and the soul.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
12. “If a man didn’t make mistakes, he’d own the world in a month.  But if he didn’t profit by his mistakes, he wouldn’t own a blessed thing.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
13. “The man who is right always has two forces working in his favor – basic conditions and the men who are wrong.  In a bull market bear factors are ignored.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator
14. [What advice would you give the novice trader?] – “First, I would say that risk management is the most important thing to be well understood.  Undertrade, undertrade, undertrade is my second piece of advice.  Whatever you think your position ought to be, cut it at least in half.” ~ Bruce Kovner in Jack Schwager’s Market Wizards
15. “There is probably no class of trades with a higher failure rate than impulsive trades.” Jack Schwager in Market Wizards
16. [What is the most important advice you could give the novice trader?] – “Trade small because that’s when you are as bad as you are ever going to be.  Learn from your mistakes.” ~ Richard Dennis in Jack Schwager’s Market Wizards
17. “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 in Jack Schwager’s Market Wizards
18. “Charting is a little like surfing.  You don’t have to know a lot about the phsyics of tides, resonance, and fluid dynamics in order to catch a good wave.  You just have to be able to sense when its’s happening and then have the drive to act at the right time.” ~ Ed Seykota in Jack Schwager’s Market Wizards
19. “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 in Jack Schwager’s Market Wizards
20. “Perhaps the most important rule is to hold on to your winners and cut your losers.  Both are equally important.  If you don’t stay with your winners, you are not going to be able to pay for the losers.” ~ Michael Marcus in Jack Schwager’s Market Wizards
21. “Lose your opinion – not your money” ~ Unknown

21 Quotes for Traders

  
  Education
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1. “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.” ~ Mark Twain

2. “The market can stay irrational longer than you can stay solvent.” ~ John Maynard Keynes.

3. “I never buy at the bottom and I always sell too soon.” ~ Baron Rothschild

4. “When the facts change, I change my mind. What do you do, sir?” ~ John Maynard Keynes

5. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” ~ Warren Buffett

6. “It is not our duty as speculators to be on the bull side or the bear side but upon the winning side.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

7. “The  principles of successful speculation are based on the supposition that people will continue in the future to make the mistakes that they made in the past.” ~ Thomas F. Woodlock

8. “It never was my thinking that made the big money for me. It was always my sitting tight. Got that?” ~ Mr. Partridge in Edwin Lefevre’s Reminiscences of a Stock Operator

9. “They say you never grow poor taking profits. No, you don’t.  But neither do you grow rich taking a four-point profit in a bull market.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

10. “Remember that prices are never too high for you to begin buying or too low to begin selling.  But after the initial transaction, don’t make a second unless the first shows you a profit.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator

11. “A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocketbook and the soul.” ~ Jessie Livermore in Edwin Lefevre’s Reminiscences of a Stock Operator (more…)

Trading Quotes and Advice

  
  Education
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  • ‘Successful trading comes down to this: overcoming your personal psychological barriers and conditioning yourself to produce feelings of self-trust , high self-esteem, unshakable conviction, and confidence which will naturally lead to good judgement and winning trades based on a proven methodology’ – Courtesy of James Buzzard.
  • “If everything feels under control, you are not going fast enough” -Mario Andretti, 1978 Formula One World Champion.
  • “If you sit by the river long enough, a dead body will sooner or later float down there” – Japanese Proverb.
  • ‘Buy High, sell Higher AND Sell low, buy back lower’, – Anonymous.
  • ‘The most important rule of trading is to play good defence, not great offence.’ –
  • Paul Tudor Jones.
  • “When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes.
  • “Holding cash is uncomfortable, but not as uncomfortable as doing something stupid.” – Warren Buffet
  • “Trade the market, not the money…if you exercise your strategy with discipline, the money will follow.” – Courtesy of Umar Ali.
  • “If you ACCEPT the risk of the trade and SHARE SIZE appropriately then you should be able to trade in a relaxed and optimum state of mind.” – Courtesy of Tom Willard.
  • “The trend is your friend” – – Courtesy of Umar Ali.
  • ttitude; Success, Failure, working hard.
  • “Mentally write off the work you do, as soon as you have done it” – Courtesy of Robin Farrell.
  • “There are old traders and there are bold traders, but there are very few old, bold traders.” – Ed Seykota
  • “Falling knives have to land somewhere…..” – Courtesy of Aidan Philipson.
  • ‘The dictionary is the only place where success comes before work!’- Vince Lombardi.
  • “Luck is what you have left over after you give 100 percent” – Langston Coleman.
  • ‘Traders (Leaders) are made, they are not born. They are made by hard effort, which is the price which all of us must pay to achieve any goal that is worthwhile.
  • It’s easy to have faith in yourself and have discipline when you’re a winner, when you’re number one. What you got to have is faith and discipline when you’re not a winner.’ – Vince Lombardi.
  • “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan
  • ‘What sets successful traders apart?……Most people think that winning in the markets has something to do with finding the secret formula. The truth is that any common denominator among the traders I interviewed had more to do with attitude than approach’. – Jack Schwager.
  • “There is little difference in people, but that little difference makes a big difference. That little difference is attitude. The big difference is whether it is positive or negative.” – Robert Collier.‘Ours is not to reason why, ours is but to sell and buy.’ – Courtesy of Mark Moskowitz.
  • “Success is the sum of small efforts – repeated day in and day out.” – Robert Collier.
  • “A professional writer is an amateur who didn’t quit.” – Richard Bach
  • “Golf is a game played on a 5 inch Course- the distance between your ears.” – Bobby Jones.
  • “…It’s all to do with the training: you can do a lot if you’re properly trained…” – Queen Elizabeth II.
  • “The person who goes farthest is generally the one who is willing to do and dare. The sure-thing boat never gets far from shore.” – Dale Carnegie.
  • “You are – face it – a bunch of emotions, prejudices, and twitches, and this is all very well as long as you know it. Successful speculators do not necessarily have a complete portrait of themselves, warts and all, in their own minds, but they do have the ability to stop abruptly when their own intuiition and what is happening Out There are suddenly out of kilter. – Adam Smith, The Money Game.
  • ‘“Everyday my trading skills are getting better and better”. I repeat it like a daily mantra’ – Purportedly attributed to Emile Coue.
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