Trading Quotes

• If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.

  Paul Tudor Jones

  Simple, Risk, Important

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• 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

  Success, Money, Emotional

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• Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.

  Alexander Elder

  Space, Focus, Psychology

  Alexander Elder (2002). “Come Into My Trading Room: A Complete Guide to Trading”, p.46, John Wiley & Sons

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• Much of our trading comes down to a battle between our patience and our impulses.

  Steve Burns

  Battle, Impulse

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• Trading gives you an incredibly intense feeling of what life is all about.

  Paul Tudor Jones

  Giving, Feelings, Life Is

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• The markets are unforgiving, and emotional trading always results in losses.

  Alexander Elder

  Loss, Emotional, Results

  Alexander Elder (2014). “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management”, p.16, John Wiley & Sons

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• 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

  Cutting, Loss, Three

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• 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

  Success, Courage, Failure

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• He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

  Jesse Lauriston Livermore

  Reading, Tape, Investing

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• 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

  Running, Home, Games

  Michael Covel (2011). “Trend Commandments: Trading for Exceptional Returns”, p.81, FT Press

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• There is only one side to the stock market; and it is not the bull side or the bear side, but the right side

  Jesse Lauriston Livermore

  Investing, Bulls, Sides

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• 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

  Cutting, Loss, Emotional

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• Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.

  Alexander Elder

  Fall, Psychology, Together

  Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.17, John Wiley & Sons

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• Risk comes from not knowing what you're doing.

  Warren Buffett

  Life, Business, War

  "The Three Essential Warren Buffett Quotes To Live By" by James Berman, www.forbes.com. April 20, 2014.

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• The goal of a successful trader is to make the best trades. Money is secondary.

  Alexander Elder

  Success, Money, Goal

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• The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.

  Jesse Lauriston Livermore

  Men, Thinking, Average

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• 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

  Winning, Two, Chips

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• The way I understand the rules on trading on inside information, it's very vague.

  Steven A. Cohen

  Information, Way, Vague

  "To Catch a Trader". "Frontline", www.pbs.org. January 7, 2014.

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• Your trading needs to boil down to rules, money management, and that is it.

  Michael Covel

  Needs, Management, Money Management

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• Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.

  Bruce Kovner

  Doctors, Physicians, Analysis

  "Market Wizards: Interviews with Top Traders". Book by Jack D. Schwager, 1989.

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• If past history was all there was to the game, the richest people would be librarians.

  Warren Buffett

  Life, Change, Wise

  "Now super-rich face a backlash as credit crunch hits home in America" by Joanna Walters, www.theguardian.com. April 19, 2008.

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• First of all, most traders don't have a winning strategy. Second, even among those traders who do, many don't follow their strategy. Trading puts pressure on weaker human traits and seems to seek out each individual's Achilles' heel.

  Gil Blake

  Winning, Pressure, Firsts

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• When you're trading well, you have a better mental attitude. When you're trading poorly, you start wishing and hoping. Instead of getting into trades you think will work, you end up getting into trades you hope will work.

  Randy McKay

  Attitude, Thinking, Wish

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• I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.

  Jesse Lauriston Livermore

  Men, People, Investing

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• Most traders believe that 'getting into the zone' happens when you have 'a hot streak.' I believe you can create the zone. The zone is a psychological state. It is when you are focused, disciplined, and fully engaged in the process at hand . . . trading in the zone will certainly increase your capacity to perform and succeed.

  Ari Kiev

  Believe, Hands, Hot

  Ari Kiev (2004). “Trading in the Zone: Maximizing Performance with Focus and Discipline”, p.2, John Wiley & Sons

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