Traders Quotes - Page 2

• It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

  Jesse Lauriston Livermore

  Ignorance, Investing, Easier

  32 Copy quote

• Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is just around the corner, and that his luck is about to turn. He keeps putting on more trades and increases his size, all the while digging himself a deeper hole in the ice. The sensible thing to do would be to reduce your trading size and then stop and review your system.

  Alexander Elder

  Successful, Thinking, Ice

  29 Copy quote

• Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.

  Alexander Elder

  Winning, Emotional, Missing

  Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.3, John Wiley & Sons

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• If I had my life to live over again, I would elect to be a trader of goods rather than a student of science. I think barter is a noble thing.

  Albert Einstein

  Business, Thinking, Noble

  14 Copy quote

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

  Alexander Elder

  Success, Money, Goal

  65 Copy quote

• Know what you own, and know why you own it.

  Peter Lynch

  Money, Intelligent, Investing

  37 Copy quote

• Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

  Paul Samuelson

  Money, Vegas, Saving

  "Paul Samuelson's Words of Wisdom" by Larry Swedroe, www.cbsnews.com. December 17, 2009.

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• If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.

  Bill Lipschutz

  Hands, More Money, Cents

  29 Copy quote

• Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

  George Soros

  Investing, Unexpected, Financial

  "Great Money Minds" by Chris Stallman at TeenAnalyst.com, May 5, 2005.

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• In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

  Peter Lynch

  Luck, Investing, Nine

  26 Copy quote

• Successful trading depends on the 3M`s - Mind, Method and Money. 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. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.

  Alexander Elder

  Successful, Space, Focus

  42 Copy quote

• To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.

  Ari Kiev

  Cutting, Loss, Information Flow

  14 Copy quote

• The time of maximum pessimism is the best time to buy.

  John Templeton

  Investing, Pessimism, Investment

  "Sir John Templeton" by Martin Adeney, www.theguardian.com. July 9, 2008.

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• Traders take a good system and destroy it by trying to make it into a perfect system.

  Robert Prechter

  Perfect, Trying

  11 Copy quote

• A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

  Michael Steinhardt

  Humility, Inability, Three

  9 Copy quote

• Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.

  Linda Bradford Raschke

  Silence, May, Speech

  19 Copy quote

• 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

  81 Copy quote

• I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.

  Bill Lipschutz

  Winning, Thinking, Banking

  30 Copy quote

• Success consists of going from failure to failure without loss of enthusiasm.

  Winston Churchill

  Inspirational, Life, Motivational

  516 Copy quote

• In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more or less free hand in the cultural field. By frustrating the scribe's craving for commanding action, the trader draws upon himself the scribe's wrath and scorn.

  Eric Hoffer

  Wrath, Hands, Fields

  Eric Hoffer (1982). “Between the Devil and the Dragon: The Best Essays and Aphorisms of Eric Hoffer”, HarperCollins Publishers

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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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• Markets can remain irrational longer than you can remain solvent.

  John Maynard Keynes

  Money, Investing, Investment

  Forbes v. 151, iss. 4, (p. 236), 1993.

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• When Rimbaud became a slave trader, he stopped writing poetry.

  Chinua Achebe

  Writing, Slave, Slave Trade

  8 Copy quote

• Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

  Jack D. Schwager

  Reality, Focus, Important

  Jack D. Schwager (2012). “Hedge Fund Market Wizards: How Winning Traders Win”, p.240, John Wiley & Sons

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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

  33 Copy quote