Hi guys, I am new here. I mean new in ET, not new in trading business. I wanted to post something in the thread, could not decide where to start. So, I came up with some of my favorite and excellent trading related Quotes. Most of these quote are adapted to trading. Here we go: “Every man lives by exchanging.” "I don't care. I feel like if we don't make a trade, we have to get it done with what we've got". "Some people are so busy learning the tricks of the trade that they never learn the trade". "A trader should look at a chart for what it is, and not for what he want it to be". "A trader who has never lost, is not a trader yet". "All traders by nature desire ways to find profitable trades". "Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permits it". "Losing because of a new situation is fine, losing again is the beginning of the end". "The easiest thing to do is prepare. If you don’t, on behalf of the other market participants, we thank you". "You will always remember the trades that could have been and forget about the risks that were involved". "Your trading statement is the receipt, not your spreadsheet". "The more you mentally prepare and accept loss the less psychological capital it takes". "After talking to a guru or anyone with the holy grail, I always take a hot shower, burn the clothes I was wearing, and drink them out of my mind". "Focusing on the result (making money), makes winning more fun but less frequent". "Move on, understand what happened in the past but do not have an emotional attachment to it". "Fighting yourself is like robbing your own bank". "A trading plan is just words until you act on it". "The easiest thing to handle is winning, but trading doesn’t start until you lose". "If every trader is the long there is no money in being long unless you were first". "Don’t marry a trade but if you must make sure you have a prenup". "Your habits are easily formed but be aware they are hard to pay for". "Just because the market is open does not mean you have to trade. Cash is a position too". "Your worth as a trader is today’s trading statement, it is re-calculated daily". "The trading genius was previously an idiot or is closer to being one tomorrow. Keep learning". "All trading results are insignificant unless it is your last". "Having trading discipline is the beginning; keeping discipline is the progress; staying discipline is the success". "Be honest with yourself, if or when you fail the change of direction will not kill you". "The market will force you to change if you don’t and it is painful and disheartening". "Put yourself in the best position or you will not have a position come tomorrow". "Bend your view to the charts, not the charts to your view". Which one did you like most? Is there any other quotes that you like? Share with us!
There has been a thread for this since 2014.... https://www.elitetrader.com/et/threads/the-best-trading-proverbs.284308/page-57#post-4339978
Just thought of one today. When you're right it will turn when you're wrong it will keep going (or so they think when they take a quick profit before they get stopped out.)
My advice, ...stop thinking too hard about quotes. You need to have a loose, nimble, agile, open mind in trading. -- so-called wisdom quotes...can lock your mindset and viewpoints up to a stubborn standstill.
"Some people are so busy learning the tricks of the trade that they never learn the trade". I can relate to this. Probably would got many things much quicker if I'd have someone show me in person, but I can't trade other people's systems, only my own. So perhaps difficult to avoid or shorten the path unless one is born into a trader family. I came up with this just now: Are your rules, with no freaking out, simple enough to explain to your own mother? If not, don't bother!