What's your favorite trading quote of all time?

Discussion in 'Trading' started by a529612, Dec 14, 2006.

  1. "I think the secret is cutting down the number of trades you make. The best trades are the ones in which you have all three things going for you: Fundamentals, Technicals, and Market Tone. If you can restrict your activity to only those types of trades, you have to make money, in any market, under any circumstances." -- Michael Marcus
  2. 1. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.--- Warren Buffet

    A classic, applicable to all instruments, time frames and conditions

    2. Wall Street never changes. The pockets change, the suckers change, the stocks change, but Wall Street never changes because human nature never changes. - Jesse Livermore

    Love it!

    3. "And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.
    ---Jesse Livermore

    My favorite:D
  3. Sniper27


    Trading : The hardest way to make easy money.

    -- Unknown
  4. "The professional concerns himself with doing the right thing rather than with making money, knowing that the profit takes care of itself if the other things are attended to." Reminiscences of a Stock Operator

    "Stocks are never too high to buy or too low to sell." Reminiscences of a Stock Operator

    "The big money was not in the individual fluctuations but in the main movements—that is, not in reading the tape but in sizing up the entire market and its trend." Reminiscences of a Stock Operator

    "It isn't as important to buy as cheap as possible as it is to buy at the right time." Jesse Livermore
  5. "My formula for success is rise early, work late, and strike oil."
    -- J. Paul Getty

    Not a trading quote per se, but just as appropriate.
  6. Not exactly trading, but I like it:

    " 'Luck is the intersection of preparation and opportunity.' "

    ---Mario Andretti
  7. What's your favorite trading quote of all time?

    All quotes above what I paid is a favorite.
  8. JGTrader


    ""Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway."-WB"
  9. Before taking a trade, the amateur asks "How much money can I make on this trade?"

    The professional asks "How much can I lose?"
  10. tyrant


    The trick is, when there is nothing to do, do nothing.

    Warren Buffett

    #10     Dec 14, 2006