Good Trading Quotable Quotes

"Probably my best technique is not picking up the phone to close out a winning trade."

Jerry Parker, another Turtle

 

sorry i haven't checked through all of these for my all-time favourite - which is from one the Market Wizards books:

"If you can keep your head when all others about you are losing theirs, then you haven't heard the news."

H L Mencken

This ALWAYS brings a smile to my face...

 

"Most traders don’t have a winning strategy. Even among those who do, many don’t follow their strategy. Trading put pressure on weaker human traits and seems to seek out each individual’s Achilles’ heel."

Gil Blake

 

"According to my theory of initially self-reinforcing, but eventually self-defeating trends, the trend is your friend most of the way; trend followers only get hurt at inflection points, where the trend changes. Most of the time I am a trend follower, but all the time I am aware I am a member of a herd and I am on the lookout for inflection points."

George Soros

 

To be a successful trader you need to know poker, chess and fishing.

You need to know how to be aggressive and read people; you need to be able to strategize the offense and defense and plan many moves ahead. Most improtantly, you need to be patient.

-----From a good friend of mine.

 

There is time to go long, time to go short and time to go fishing.

Jesse Livermore

 

I have two basic rules about winning in trading as well as in life: If you don't bet, you can't win. If you lose all your chips, you can't bet.

Larry Hite

 

Successful traders depend on the 3 M’s – MIND, METHOD and MONEY. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology – their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options, or futures as well as FIRM RULES FOR PULLING THE TRIGGERS – deciding when to buy and sell . Money refers to how you manage your trading capital.


Alex Elder

 

September is an extremely dangerous month to invest in the stock market.................. so is october, november, december, january, february, march, april, may, june, july and august

William Shakespeare

 

Show me the charts, and I'll tell you the news. Have an opinion on what the market should do but don't decide what the market will do. Be happy with a percentage of the move.

Bernard Baruch