Traders Quotes - Page 3

• Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

  Jesse Lauriston Livermore

  Attitude, Desire, Investing

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• I know their game. First, the traders and the missionaries: then the ambassadors: then the cannon. It's better to go straight to the cannon.

  Tewodros II

  Games, Ambassadors, Firsts

  Quoted in Basil Davidson, Africa in Modern History: The Search for a New Society (1978)

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• Everybody gets what they want out of the market.

  Ed Seykota

  Want

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

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• There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.

  Paul Tudor Jones

  Moving, Training, Bulls

  Institutional Investor Interview, www.institutionalinvestor.com. June 30, 2008.

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• I am an optimist about the UK. We have been involved in trade with our European partners, which we will always be doing whatever this relationship is. We are a member of the EU. That gives us benefits. But we have to figure out where that is going. In the world, we are a global trader already.

  Iain Duncan Smith

  Giving, Benefits, World

  "Cabinet minister considered resigning over EU budget revolt, says Tory MP" by Nicholas Watt, www.theguardian.com. November 04, 2012.

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• Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

  Jim Rogers

  Investing Money, Years, Active Management

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• We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

  Nassim Nicholas Taleb

  Business, Want, Derivatives

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• The novice trader is at a disadvantage because the intuitions that he is going to have about the market are going to be the ones that are typical of beginners. The expert is someone who sees beyond those typical responses and has an understanding of the deeper workings of the market.

  Charles Faulkner

  Understanding, Intuition, Typical

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• Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

  John Kenneth Galbraith

  Errors, Optimism, Stupidity

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.15, Princeton University Press

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• I always tell my traders that they would've loved the 1990s because it was a fairly easy time to make money.

  Steven A. Cohen

  Making Money, Easy

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• As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

  Benjamin Graham

  Intelligent, Investing, Weight

  Benjamin Graham, David Dodd (2008). “Security Analysis: Sixth Edition, Foreword by Warren Buffett”, p.701, McGraw Hill Professional

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• Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched -- if it gets pulled too far, eventually it will snap back. As a short-term trader, I try to wait until the rubber band is stretched to its extreme point.

  Linda Bradford Raschke

  Waiting, Trying, Band

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• Anyone who claims to be intrigued by the "intellectual challenge of the markets" is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading is an exercise in self-mastery and endurance.

  Ralph Vince

  Exercise, Self, Psychology

  Ralph Vince (1992). “The Mathematics of Money Management: Risk Analysis Techniques for Traders”, p.15, John Wiley & Sons

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• Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.

  Alexander Elder

  Ignorance, Games, Discipline

  Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.1, John Wiley & Sons

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• Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.

  Ed Seykota

  Needs, Tricks, Changed

  "Market Wizards". Book by Jack D. Schwager, 1989.

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• When your account has these massive swings up and down, there's a tendency to feel a rush when the market is going your way and devastation when it's going against you. These emotions do absolutely nothing to make you a good trader. It's far better to keep the equity swings manageable and strive for a sense of balance each day, no matter what happens.

  Tom Basso

  Swings, Balance, Devastation

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• Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.

  Arthur Levitt Jr

  Thinking, Gambling, Speculation

  "Levitt to investors: get a clue" by Craig Bicknell, www.wired.com. May 4, 1999.

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• A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

  Ed Seykota

  Winning, Want, Littles

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

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• I hate this argument that says little Britain or something outside, or Britain is part of a wider Europe. We can both be within our trading relationships within Europe but we can also be a fantastic global trader.

  Iain Duncan Smith

  Hate, Europe, Littles

  "Cabinet minister considered resigning over EU budget revolt, says Tory MP" by Nicholas Watt, www.theguardian.com. November 4, 2012.

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• Good traders liquidate when they are wrong, great traders reverse when they are wrong

  Jack D. Schwager

  Reverse

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• Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs.

  George Papandreou

  Greek, Reform, Records

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• A trader is a man who earns what he gets and does not give or take the undeserved.

  John Galt

  Men, Giving, Doe

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• Some traders still think that a computer could not trade as well as they can.

  Thomas Peterffy

  Thinking, Computer, Wells

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• Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.

  Jeff Cooper

  Successful, Reality, Thinking

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• I just want to be fair. I want to be a firm and fair trader.

  Donald Trump

  Want, Firm, Fair Trade

  Source: www.economist.com

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