Let’s digress a little from market analysis and get acquainted with the statements of successful top traders, philosophers, investors, and also businessmen. It will be useful for a forex trader to read the thoughts of people with solid experience and history.
Below are the most interesting quotes that can help you in your trading.
TOP Inspirational quotes for traders
1. ”How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
2. ”I’ll keep reducing my trading size as long as I’m losing… My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.” – Randy McKay
3. ”It’s not what we do once in a while that shapes our lives. It’s what we do consistently.” – Tony Robbins
4. ”The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher
5. ”I get real, real concerned when I see trading strategies with too many rules (you should too).” – Larry Connors
6. ”An investment in knowledge pays the best interest.” – Benjamin Franklin
7. ”Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
8. ”I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think any one book will do it for you.” – Charlie Munger
9. ”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
10.”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
11. ”Are you willing to lose money on a trade? If not, then don’t take it. You can only win if you’re not afraid to lose. And you can only do that if you truly accept the risks in front of you.” – Sami Abusaad
12. ”In trading, the impossible happens about twice a year.” – Henrique M. Simões
13. ”The market is a device for transferring money from the impatient to the patient.” – Warren Buffet
14. ”You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.” – Alexander Elder
15. ”I believe in analysis and not forecasting.” – Nicolas Darvas
16. ”Short-term volatility is greatest at turning points and diminishes as a trend becomes established.” – George Soros
17. ”Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.” – Yvan Byeajee
18. ”Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Martin Schwartz
19. ”What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
20. ”Bulls make money, bears make money, pigs get slaughtered.” – Unknown
21. ”You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” – Warren Buffet
22. ”It’s ok to be wrong; it’s unforgivable to stay wrong.” – Martin Zweig
23. ”There is a time to go long, a time to go short and a time to go fishing.” – Jesse Livermore
24. ”Everyday I assume every position I have is wrong.” – Paul Tudor Jones
25. ”In the short run, the market is a voting machine, but in the long run it is a weighing machine.” – Benjamin Graham
26. ”We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” – Warren Buffet
27. ”Sometimes the best trade is no trade.” – Unknown
28. ”The hard part is discipline, patience and judgement.” – Seth Klarman
29. ”Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite
30. ”Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
31. ”I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso
32. ”It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffet
33. ”Do not anticipate and move without market confirmation – being a little late in your trade is your insurance that you are right or wrong.” – Jesse Livermore
34. ”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
35. ”Money, if it does not bring you happiness, will at least help you be miserable in comfort.” – Helen Gurley Brown
36. ”Look at market fluctuations as your friend rather than your enemy.” – Warren Buffet
37. ”There is a huge difference between a good trade and good trading.” – Steve Burns
38. ”Time is your friend; impulse is your enemy.” – John Bogle
39. ”Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite
40. ”One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather
41. ”The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behaviour.” – Brett Steenbarger
42. ”Focus, patience, wise discernment, non-attachment – the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” – Yvan Byeajee
43. ”A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” – Martin Schwartz
44. ”Letting losses run is the most serious mistake made by most investors.” – William O’Neil
45. ”You have to identify your weaknesses and work to change. Keep a trading diary – write down your reasons for entering and exiting every trade. Look for repetitive patterns of success and failure.” – Alexander Elder
46. ”Profit from folly, rather than participate in it.” – Warren Buffet
47. ”The elements of good trading are cutting losses, cutting losses, and cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
48. ”The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
49. ”The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
50. ”All the math you need in the stock market you get in the fourth grade.” – Peter Lynch
51. ”I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” – Jim Rogers
52. ”If you personalise losses, you can’t trade.” – Bruce Kovner
53. ”In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” – Seth Klarman
54. ”Losses are necessary, as long as they are associated with a technique to help you learn from them” – David Sikhosana
55. ”The four most dangerous words in investing are: This time it’s different.” – John Templeton
56. ”Money is made by sitting, not trading.” – Jesse Livermore
57. ”Traders need a daily routine that they love. If you don’t love it, you’re not gonna do it.” – Scott Redler
58. ”It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
59. ”Never invest in any idea you can’t illustrate with a crayon.” – Peter Lynch
60. ”Patterns don’t work 100% of the time. But they are still critical because they help you define your risk. If you ignore patterns and focus on hunches, feelings, and hot tips, just forget about achieving consistency.” – Ifan Wei
61. ”In trading/investing, it’s not about how much you make but rather how much you don’t lose.” – Bernard Baruch
62. ”The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” – Paul Tudor Jones
63. ”Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” – Yvan Byeajee
64. ”Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
65. ”When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.” – Martin Schwartz
66. ”If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” – Bill Lipschutz
67. ”Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place” – Arthur Zeikel
68. ”I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse Livermore
69. ”Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes
70. ”Novice Traders trade 5 to 10 times too big. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on.” – Bruce Kovner
71. ”We want to perceive ourselves as winners, but successful traders are always focusing on their losses.” – Peter Borish
72. ”All you need is one pattern to make a living.” – Linda Raschke
73. ”As much as possible you don’t want to be well paid merely for taking big risks. Anyone can manage that. You want to be well-paid because you did your homework.” – Joel Greenblatt
74. ”The trend is your friend until the end when it bends.” – Ed Seykota
75. ”Trading is very competitive and you have to be able to handle getting your butt kicked.” – Paul Tudor Jones
76. ”In investing, what is comfortable is rarely profitable.” – Robert Arnott
77. ”Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions.” – Jack Schwagger
78. ”Accepting losses is the most important single investment device to ensure the safety of capital.” – Gerald M. Loeb
79. ”Hope is a bogus emotion that only costs you money.” – Jim Cramer
80. ”You never know what kind of setup the market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.” – Jaymin Shah
81. ”You will never find fulfilment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” – Yvan Byeajee
82. ”What’s the difference between a pro and an amateur? Professionals look for what’s wrong with a setup. Amateurs only look for what’s right.” – Mark Harila
83. ”Trade the market in front of you, not the one you want!” – Scott Redler
84. ”I know where I’m getting out before I get in.” – Bruce Kovner
85. ”That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?” – Paul Tudor Jones
86. ”Never, ever argue with your trading system” – Michael Covel
87. ”Trade What’s Happening… Not What You Think Is Gonna Happen.” – Doug Gregory
88. ”The fundamental law of investing is the uncertainty of the future.” – Peter Bernstein
89. ”Do more of what works and less of what doesn’t.” – Steve Clark
90. ”If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
91. ”I always laugh at people who say, ‘I’ve never met a rich technician.’ I love that! It’s such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician.” – Martin Schwartz
92. ”Don’t blindly follow someone, follow the market and try to hear what it is telling you.” – Jaymin Shah
93. ”Buy things that are going up. Sell things that are going down. And when they stop, get out!” – Rob Smith
94. ”Bull markets are born on pessimism, grow on skepticism, mature on optimism and die of euphoria.” – John Templeton
95. ”I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones
96. ”I always define my risk, and I don’t have to worry about it.” – Tony Saliba
97. ”Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson
98. ”He who knows when he can fight and when he cannot, will be victorious.” – Sun Tzu
99. ”Money is like manure, you don’t have to spread it around, you can just sell it as fertilizer” – Paul Getty
100. ”Beware of trading quotes.” – Andreas Clenow
Conclusion
This article is a useful resource where any trader can pick up words of approval on how to perceive trading in the market. Add it to your bookmarks to always have the notes of the professionals at hand.
