Trading quotes keep us motivated in difficult times.
Fortunately we have great traders of the past and present to guide us. By reading trading quotes you can learn from experienced traders. We need these sometimes to remind ourselves that bad times will eventually pass.
We have found the following best trading quotes for you. Although markets may change, this trading advice is timeless.
Never, ever argue with your trading system.
-Michael Covel
Amateurs think about how much money they can make. Professionals think about how much money they could lose.
–Jack Schwager
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 Abusad
In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money.
-Ray Dalio
I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes.
-George Soros
I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.
-Larry Hite
I believe in analysis and not forecasting.
-Nicolas Darvas
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
-Warren Buffett
You only have to do very few things right in your life so long as you don’t do too many things wrong.
-Warren Buffett
Emotional investment is a sure way to make a loss in the stock market!
-Rakesh Jhunjhunwala
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
-Warren Buffett
You can’t produce a baby in one month by getting nine women pregnant.
-Warren Buffett
The goal of a successful trader is to make the best trades. Money is secondary.
-Alexander Elder
There is a time to go long, a time to go short, and a time to go fishing.
-Jesse Livermore
Spend each day trying to be a little wiser than you were when you woke up.
–Charlie Munger
Remember that stocks are never too high for you to begin buying or too low to begin selling.
-Jesse Livermore
Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.
-Yvan Byeajee
Bull markets are born on pessimism, grow on skepticism, mature on optimism and die of euphoria.
–John Templeton
Trading effectively is about assessing probabilities, not certainties.
-Yvan Byeajee
Only the game can teach you the game.
–Jesse Livermore
The stock market is a device for transferring money from the impatient to the patient.
–Warren Buffett
We are in the business of making mistakes. Winners make small mistakes; losers make big mistakes.
-Ned Davis
There’s no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
-Peter Lynch
Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.
-Ed Seykota
The big money is not in the buying or the selling, but in the waiting.
-Charlie Munger
The hard, cold reality of trading is that every trade has an uncertain outcome.
-Mark Douglas
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
–Jesse Livermore
The consistency you seek is in your mind, not in the markets.
– Mark Douglas
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.
– Yvan Byeajee
Don’t focus on making money; focus on protecting what you have.
-Paul Tudor Jones
Trading is very competitive, and you have to be able to handle getting your butt kicked.
-Paul Tudor Jones
Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.
-Paul Tudor Jones
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control.
-Paul Tudor Jones
The trend is your friend until the end when it bends.
– Ed Seykota
If you can’t take a small loss, sooner or later you will take the mother of all losses.
– Ed Seykota
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.
-Van K. Tharp
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.
-William O’Neil
Don’t blindly follow someone, follow the market and try to hear what it is telling you.
– Unknown
It does not matter how slowly you go as long as you do not stop.
-Confucius
Show me a trader with good records and I’ll show you a good trader.
– Dr. Alexander Elder
Always be a student and keep learning.
–John Murphy
The whole secret to winning and losing in the stock market is to lose the least amount possible when you’re not right.
–William J. O’Neil
The purpose of trading is not being right, the purpose is to make money, and I think thats my number-one rule. Don’t get hung up on your current positions.
-Dana Allen
To make money in stocks you must have the vision to see them, the courage to buy them, and the patience to hold them.
-Warren Buffett
The only way you get a real education in the market is to invest cash, track your trades, and study your mistakes.
-Jesse Livermore
Refer back to these trading quotes when you are feeling shaky or confused.
