Trading Quotes

“ You can’t become the person you want to be by staying the person you are” James Allen

“ You won’t attract what you want, you will only attract what you are” James Allen

“ A trader who hesitates has already lost.”

There is nothing training cannot do. Nothing is above its reach. It can turn bad morals to good; it can destroy bad principles and recreate good ones; it can lift men to angelship. –Mark Twain

It’ s more important to want to make money than to want to be “ right” . People who want to be right all the time are afraid to make decisions. People who want to make money are willing to change their decisions to take what the market will give them. –Tom R. Peterson

Don’ t speculate unless you can make it a full time job. –Bernard Baruch

Fear will control you, faith will guide you. –Anonyms

The angry man will defeat himself in battle as well as in life. – Samurai Code

Whatever is begun in anger ends in shame. – Benjamin Franklin

Not in the clamor of the crowded street, Nor in the shouts and plaudits of the throng, But in ourselves lie triumph and defeat. – Henry Wadsworth Longfellow

I don’ t like money, actually….but it helps calm my nerves. –Joe Louis

During my 87 years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual, or the ability to think. -Bernard Baruch

The main obstacle lies in distancing ourselves from our emotions. –Bernard Baruch

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

The belief that becomes truth for me…is that which allows me the best use of my strength, the best means of putting my virtues into action. –Andre Gide

As he thinketh in his heart, so is he. –Proverbs 23:7

The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can’ t do is give [people] the confidence to stick to those rules even when things are going bad. –Richard Dennis

There are two things that are absolutely critical: you must have confidence, and you have to be willing to make mistakes regularly; there is nothing wrong with it. –Bruce Kovner

Good traders need confidence; they need discipline; and the confidence to rigidly stick to their discipline. –Tom R. Peterson

Why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain? I decided that I had to learn discipline and money management. –Paul Tudor Jones

The greatest test of courage on the earth is to bear defeat without losing heart. –R.G. Ingersoll

Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough. –Michael Marcus

Just as one might have to turn the whole body round in order that the eyes should see the light instead of darkness, so the entire soul must be turned away from this changing world until its eye can bear to contemplate reality. –Plato

A skilled operator in any field acquires an almost instinctive “ feel” which enables him to sense many things even without being able to explain them. –Bernard Baruch

The really valuable thing is intuition. There is no logical paths to these laws, only intuition resting on sympathetic understanding of experience can reach them. –Albert Einstein

What separates the 1% from the other 99% is a lot of hard work. It’ s perseverance. You have to love to do it. –Tom Baldwin

There is nothing which persevering effort and unceasing and diligent care cannot overcome. –Seneca

Flinch not, neither give up nor despair, if thou dost not invariably succeed in acting from right principles. –Marcus Aurelius

Let unswerving integrity always be your watchword. –Bernard Baruch

Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful. –Samuel Johnson

Human nature makes traders hopeful when they should be fearful. When traders have losses they become hopeful, and when they have profits they become fearful. The net result is small profits and large losses. –Jerry Rafferty

It is in the moment of your decision that your destiny is made. –Anthony Robbins

I think one of my strengths is that I view anything that has happened up to the present point in time as history. I really don’ t care about the mistake I make three seconds ago in the market. What I care about is what I am going to do from the next moment on. –Paul Tudor Jones

I prefer not to dwell on past situation. I tend to cut bad trades as soon as possible, forget them, and then move on to new opportunities. After I bury a dead trade, I don’ t like to dig up the details again. –Ed Seykota

Over time I have become more mechanical, since (1) I have become more trusting of trend trading, and (2) my mechanical programs have factored in more and more “ tricks of the trade.” I still go through periods of thinking that I can outperform my own system, but such excursions are often self-correcting through the process of losing money. –Ed Seykota

The point is that because people are the same, if you use sufficiently rigorous method to avoid hindsight, you can test a system and see how it would have done in the past and get a fairly good idea of how that system will perform in the future. That is our edge. –Larry Hite

Losing a position is aggravating, whereas losing your nerve is devastating. –Ed Seykota

The greatest risk is to do nothing. –Jerry Rafferty

Our doubts are traitors and make us lose the good we might win, by fearing to attempt. –William Shakespeare

Don’ t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible. –Bernard Baruch

Being wrong is good information, too-it tells you that you are either early, or that you should reverse opinion. –Tom R. Peterson

Money is the most important thing in the world. It represents health, strength, honor, generosity, and beauty as conspicuously as the want of it represents illness, weakness, disgrace, meanness, and ugliness. –George Bernard Shaw

The use of money is all the advantages there is in having money. –Benjamin Franklin

The prices of stocks, commodities, and bonds are affected by literally anything and everything that happens in our world…What registers are not the events themselves but the human reactions to these events, how millions of individuals feel these happenings may affect the future! –Bernard Shaw

Trends tend to persist…..until they don’ t. And that’ s why God made stops. –Frank Gretz

Safety and surety lie only in buying after a market has risen sufficiently from its bottom to show that its previous troubles are past, and in selling before the rise has become a matter of mere foam that, in the natural order of things, must presently vanish. And for the bear it means that the time to sell is after a market has definitely turned downward from a hysterical top, and the time to cover is before hysteria has produced an unjustifiably low bottom. –Bernard E. “ Sell’ em Ben” Smith

Focus on exiting strategies rather than trade initiating parameters. The big money is captured by managing risk with exits. –Christopher R. Castroviejo

In my early days, I didn’ t have the staying power – psychologically, emotionally, and most important, financially. –Jimmy Rogers

I formed my own opinion of the stock’ s value, and after the stock began to back down from its top price, I took a bearish position in it which I later extended. – Bernard E. “ Sell’ em Ben” Smith

What is it that turns ordinary betting into a reckless gamble? Desperation on the part of a heavy loser is one factor. –Bernard Baruch

The simple truth is that there are no “ sure things” in the market. –Bernard Baruch