50
Trading Quotes For Traders Who Want To Succeed
1.
“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
2.
“Sheer will and determination is no substitute for
something that actually works.” – Jason Klatt
3.
“Everyday I assume every position I have is wrong.”
– Paul Tudor Jones
4.
“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
– Jim Rogers
5.
“You can lose your opinion of you can lose your
money.” – Adam Grimes
6.
“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
7.
“Cut your losses. Cut your losses. Cut your losses.
Then maybe you have a chance.” – Ed Seykota
8.
“Bulls make money, bears make money,
pigs get slaughtered.”
9.
“Take your profits or someone else will take them
for you.” – J.J. Evans
10. “Beware
of trading quotes.” – Andreas Clenow
11. “The
desire for constant action irrespective of underlying conditions is responsible
for many losses in Wall Street.” – Jesse Livermore
12. “There is
a huge difference between a good trade and good trading.” – Steve Burns
13. “The
market is a device for transferring money from the impatient to the patient.”-
Warren Buffet
14. “Never
let a win go to your head, or a loss to your heart.” – Chuck D.
15. “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
16. “Only The
Game , Can Teach You The Game” – Jesse Livermore
17. “Losers
average losers.” (Sign in Paul Tudor Jones office).
18. “Trade
the market in front of you, not the one you want!” – Scott Redler
19. “Trade
What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory @SharpTraders
20. “In
trading the impossible happens about twice a year.” – Henri M Simoes @TraderHMS
21. “The
trend is your friend – until it stabs you in the back with a chopstick.”
– @StockCats
22. “He who
knows when he can fight and when he cannot will be victorious.” – Sun Tzu
23. “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
24. “Where
you want to be is always in control, never wishing, always trading, and always
first and foremost protecting your butt.” – Paul Tudor Jones
25. “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
26. “A rising
tide lifts all boats over the wall of worry and exposes bears swimming naked.”
– @StockCats
27. “All you
need is one pattern to make a living.” – Linda Raschke
28. “All the
math you need in the stock market you get in the fourth grade.” -Peter Lynch
29. “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
30. “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
31. “If you
don’t respect risk, eventually they’ll carry you out.” – Larry Hite
32. “The
trend is your friend until the end when it bends.” – Ed Seykota
33. “Once you
find the system that works for your style/personality and confidence is gained,
wash, rinse, repeat over and over again.” – @Sunrisetrader
34. “Dangers
of watching every tick are twofold: overtrading and increased chances of
prematurely liquidating good positions” – Jack Schwager
35. “If you
can’t take a small loss, sooner or later you will take the mother of all
losses.” – Ed Seykota
36. In
trading, everything works sometimes and nothing works always.”
37. “The
market can stay irrational longer than you can stay solvent.” – John Maynard
Keynes
38. “IF YOU
WANT TO BE A LEDGE… FIND YOUR EDGE…” – Tom Dante @Trader_Dante
39. “By
living the philosophy that my winners are always in front of me, it is not so
painful to take a loss.” – Marty Schwartz
40. “Sometimes
the best trade is no trade.” – Anonymous
41. “Hope is
bogus emotion that only costs you money.” – Jim Cramer
42. “One day
does not make a trend.” – Anonymous
43. “It’s OK
to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
44. “Amateurs
think about how much money they can make. Professionals think about how much
money they could lose.” – Jack Schwager (paraphrase)
45. “Opportunities
come infrequently. When it rains gold put out a bucket not a thimble.” – Warren
Buffet
46. “Don’t
fight the Fed.” – Marty Zwieg
47. “You’re
going to learn a million things, then you need to forget them all and focus on
one.” – @SunriseTrader
48. “The
obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
49. “Stocks
are bought not in fear but in hope. They are typically sold out of fear.” –
Justin Mamis
50. “Accepting
losses is the most important single investment device to insure safety of
capital.” – Gerald M. Loeb
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