Wisdom Trading Quotes

price action trading

Bull markets climb the wall of worry, while bear markets descend the slope of hope. Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. Performing due diligence means thoroughly checking the financials of a potential financial decision.


Check out my article on the psychology of forex trading, to learn more. We all need a little inspiration and guidance from time to time, and as traders, who better to get it from than some of the biggest trading legends of our time? After all, learning from those who have already achieved what you are trying to achieve is the best way to learn anything. Legendary investor and CEO of Berkshire Hathaway (BRK-A, BRK-B) Warren Buffett has plenty to share. Through his letters, essays, op-eds and TV appearances, Buffett dispenses folksy, funny, plainspoken advice on investing, management, life, happiness, and everything in between. T3 Live provides information that viewers of its programs may consider in making their own investment decisions.

Motivational Trader Quotes You Can Live By

„The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” „Don’t focus on making money; focus on protecting what you have.” „The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade.” „Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” „An investor without investment objectives is like a traveler without a destination.” „You don’t stop a train with a brick wall; even there’s a wall of selling, the train is going through that brick wall and take out a lot of bears.”

  • Just because you’ve been winning trades for the past few days doesn’t mean that your next trades will also be winners.
  • I truly hope you utilize this lesson as an on-going learning and inspiration resource….
  • It might be true that times are changing, but the fundamentals remain the same.
  • A new trader will make the mistake of concluding the system doesn’t work and jump onto the next best thing.

But that https://forexhistory.info/ only becomes debilitating when you allow the potential loss to exceed your comfort level. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost. From basic trading terms to trading jargon, you can find the explanation for a long list of trading terms here.

…But If You Do Happen to Lose

It is easier to lose money and twice as hard to make it back. Refer back to these quotes when you’re feeling shaky or confused about investing. Is there something you’re overlooking that you could be doing differently? Whenever everything seems too tough, remember the words of Colin Powell, „A dream doesn’t become reality through magic; it takes sweat, determination, and hard work.” Don’t speculate that this particular time will be any different.

3 Warren Buffett Quotes You Probably Haven’t Heard that Will … – The Motley Fool

3 Warren Buffett Quotes You Probably Haven’t Heard that Will ….

Posted: Fri, 25 Nov 2022 08:00:00 GMT [source]

When I put them all together, I know I am a net loser.” — C. These are great articles, I realy need to follow and contemplate these time after time. „Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.” 77) When I get hurt in the market, I get the hell out.

29) A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business. 22) People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences.

The market is always right

Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness… Paradoxically your trading performance will improve significantly. It doesn’t matter if you’ve been trading for 3 years or 30 years, every person is susceptible to being influenced by emotions to some degree. And the last thing you want to do is attempt to trade while the negativity from a recent loss is still lingering. As I always say, forget about making money altogether.

However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, https://day-trading.info/ or hold any investment. 92) 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. 88) The desire to maximize the number of winning trades works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance. There are good bets, bad bets, bets that you win, and bets that you lose. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.

The advice here is obvious but often forgotten, particularly after investors have had some success. The temptation to believe that success in one area you know well allows you to easily analyze another is much greater once you’ve had some good returns, but should be resisted. Investments can go bad, and when they do, it’s best to bow out and stop throwing money at them. It is a difficult decision to make, but accepting the loss will prove to be more beneficial financially. Stay rational and stick to your homework when researching businesses in which to invest.

„We are in the business of making mistakes. Winners make small mistakes; losers make big mistakes.” „If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.” „Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” „Bull markets are born on pessimism, grow on skepticism, mature on optimism and die of euphoria.”


But the same can be said about life in general. Many individuals lack the confidence, drive, ambition, etc. that’s required to reach success in their chosen endeavor. They create bad habits through emotional discords and often become paralyzed by overthinking situations or doubting their abilities. What Ed Seykota is saying here is that some traders are there own worst enemy.

Said differently, a 50% loss of trading capital requires a 100% gain to recoup said losses. That means your winning trades totaled 9R while your losers totaled 7R. If you had risked 1% of your account balance on each trade, you would have ended the month with a 2% profit.

That, you sooner you can release your expectations and https://forexanalytics.info/ unconditionally on a proven process that’ll raise your probability of success. At Trading Composure, our goal is to help you become a more consistent trader, and opting to receive this newsletter is a great step in that direction. You don’t need to know what is going to happen next in order to make money. Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade.


His spot on the list of greatest investors stems in large part from his work with the Fidelity Magellan Fund between 1977 and 1990. During this time, the fund posted annual average returns of 29% beating the S&P 500 index in 11 out of 13 years and building the fund’s assets from $20 million to 14$ billion. The fund had the best 20-year return rate of any mutual fund in history.

The first thing I did was to go back through the last six years of my work on social media looking for old quotes that had resonated with my audience. Next, I added selections from „Trading Wisdom” and combined it all with new material I had yet to release and began the process of building a rough draft. There were several versions of the book that I worked on until settling on this current format which I think works quite well. One quote a day, and a review every 3 months to talk about my favorite quotes and expand on interesting topics. Soon after publishing „Trading Wisdom”, I started tweeting out quotes from the book that I felt were interesting and educational.

If you do not know how to properly place stop losses your entire trading approach and money management plan will be spoiled. Check out the stop loss placement tutorial I wrote for more info on this. The debate between technical analysts and fundamental analysts over which form of market analysis is ‘better’ has been going on for centuries most likely. To read my very firm view of which form of market analysis I prefer, check out my article on news trading. 50) The goal of a successful trader is to make the best trades.

Also investing success is generally based on “Rationality” as Buffett calls it & being a “independent thinker”. Does anyone really wish to pay more for a stock/company than it’s worth? He goes onto say You must VALUE the business in order to value the stock. Charlie Munger is a thought leader on not just investing but life.

  • 78) The key to trading success is emotional discipline.
  • Nial Fuller is a professional trader, author & coach who is considered ‘The Authority’ on Price Action Trading.
  • They’ll start losing money, and instead of stopping themselves out, they’ll find brand new reasons to stay in.

6) You don’t make money by trading, you make it by sitting. It takes patience to wait for the trade to develop, for the opportunity to present itself. Let the market come to you, instead of chasing the market.

Yvan Byeajee trading quotes

One of the best way to master a skill is to learn from the very best in the field, by tapping on their words of wisdom and profound insights. Mr. Market is an imaginary investor devised by Benjamin Graham and used as an allegory in his 1949 book „The Intelligent Investor.” A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.

87) There is nothing riskier than the widespread perception that there is no risk. 71) It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. 65) The individual investor should act consistently as an investor and not as a speculator. 57) Patterns of price movement are not random. We’re at the front of the pack, we are one of the first movers.

Whether you are feeling lost or want the opinion of successful traders on how to become better at the craft, this list of ten quotes by eminent investors will help keep you in check. Successful traders have great risk management systems implemented, helping them increase assets, and know when to stop trading to avoid losses. Sometimes, things are quite simple, only requiring you to step away from that market even for just a second. Paul Tudor Jones is another trader who is well known for tripling his money back in 1987 during Black Monday stock market crash.