Traders Quotes

• I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.

  George Soros

  Mistake, Moving, Opportunity

  Biography/Personal quotes, www.imdb.com.

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• If you want to have a better performance than the crowd, you must do things differently from the crowd.

  John Templeton

  Investing, Crowds, Want

  57 Copy quote

• The markets are always changing, and the successful trader needs to adapt to these changes.

  Michael Steinhardt

  Successful, Needs

  17 Copy quote

• A good trader loves an active market, you don't make money when the market is static.

  Kevin Kinsella

  Making Money, Static, Active

  Source: www.sfgate.com

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• To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.

  Alexander Elder

  Regret, Real, Eye

  Alexander Elder (2014). “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management”, p.3, John Wiley & Sons

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• Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.

  Jesse Lauriston Livermore

  Investing, Littles, Action

  75 Copy quote

• The best traders are simply slaves to the market's price action

  Steve Burns

  Action, Slave

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• Every once in a while, the market does something so stupid it takes your breath away

  Jim Cramer

  Stupid, Saving, Investing

  50 Copy quote

• A successful trader studies human nature and does the opposite of what the general public does.

  William Delbert Gann

  Business, Successful, Opposites

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• The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.

  Linda Bradford Raschke

  Skills, Rockets, Facts

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• The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

  Alan Greenspan

  Years, Important, Genius

  1995 In the NewYork Times, 6 Mar, shortly after the collapse of Barings in Singapore brought about by a young derivatives trader.

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• If you don't work very hard, it is extremely unlikely that you will be a good trader.

  Bruce Kovner

  Unlikely, Hard, Ifs

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• One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.

  Venita VanCaspel

  Trying, Lasts, Timing

  Venita VanCaspel (1983). “The power of money dynamics”, Simon & Schuster

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• It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

  George Soros

  Business, Important, Saving

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• Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

  Warren Buffett

  Wall, Investing Money, People

  "Student to CEO" by Simon Dixon. Ecademy Press, p. 125, 2011.

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• The best traders I know are also the most humble people I know, coincidence? Or has the market taught them some very valuable lessons?

  Steve Burns

  Humble, People, Lessons

  8 Copy quote

• And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

  Paul Tudor Jones

  Risk, The End Of The Day, Important

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• The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to become a successful trader.

  David Ryan

  Mistake, Successful, Giving

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• We believe we can train any intelligent, quick thinking person to be a trader. We feel traders are made, not born.

  Jeff Yass

  Believe, Intelligent, Thinking

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• I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.

  William Eckhardt

  Intelligent, Makeup, Emotional

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• Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.

  Michael Marcus

  Cutting, Loss, Long

  25 Copy quote

• You're already a financial trader. You might not think of it in just this way, but if you work for a living, you're trading your time for money. Frankly, it's just about the worst trade you can make. Why? You can always get more money, but you can't get more time.

  Tony Robbins

  Inspirational, Thinking, Might

  Tony Robbins (2014). “MONEY Master the Game: 7 Simple Steps to Financial Freedom”, p.54, Simon and Schuster

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• The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.

  William Eckhardt

  Success, Winning, Numbers

  63 Copy quote

• A successful trader is rational, analytical, able to control emotions, practical, and profit oriented.

  Monroe Trout

  Successful, Able, Emotion

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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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