I'm a quote junkie.
"Remember, your goal is to trade well, not to trade often."
- Alexander Elder
"The mistake is not being wrong. The mistake is staying wrong."
- John Hill
"A losing trader is one who overtrades and his money management is sloppy and he takes risk that are too big."
- Alexander Elder
"If your position sizing is too big, it is a mathematical certainty that the account will blow up, not if, just when."
- Joo Beng
"Get out when you can, not when you have to."
- Jesse Livermore
"Success is 20% skills and 80% strategy. You might know how to read, but more importantly, what's your plan to read?"
- Jim Rohn
"Successful stocks don't tell you when to sell. When you feel like bragging, it's probably time to sell."
- John Neff
"If most traders would learn how to sit on their hands 50% of the time, they would make a lot more money."
- Bill Lipschutz
The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can't achieve it.
- J. Belfort
"We don’t have to be smarter than the rest. We have to be more disciplined than the rest."
"Too many investors buy with their heart rather than a calculator."
- Jan Somers
“Don’t focus on making money; focus on protecting what you have.”
- Paul Tudor Jones
"The goal of a successful trader is to make the best trades. Money is secondary."
- Alexander Elder
“The most common bad habit I have seen in traders - good and bad ones is the inability to react correctly to market action.”
- L. Williams
“You can limit your stress level by removing as many unknowns as possible from your trading."
- From"New Trader, Rich Trader"
"When the market deviates from your analysis, you have to cut losses without fuss or emotions."
- Alexander Elder
"The sensible course is to sell while the stock is rising or if you have made a mistake to admit it immediately and take your loss."
- Baruch
"Buy not on optimism, but on arithmetic."
– Benjamin Graham
"Face reality as it is, not as it was or as you wish it to be."
- Jack Welch
"It is essential to wait for trades with a good risk / reward ratio. Patience is a virtue for a trader."
- Alexander Elder
"Predict? Yes. That’s implied when you make a trade. Just don’t stick to your predictions if the market tells you something different."
- J. Leavitt
"Don’t let the noise of others’ opinions drown out your own inner voice."
- Steve Jobs
Thank you for these! I am a huge quote fan. My son always makes fun of me because I write one on the fridge from time to time. I'm going to save these.
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