Trading quotations, quotes, aphorisms, tips, advices, and useful thoughts and ideas by some very famous world traders.
Invest in bear market, speculate in bull market.
Carl William Brown
Credit is a system whereby a person who can’t pay gets another person who can’t pay to guarantee that he can pay.
Charles Dickens
Money management is the only strategy to survive in this crazy, stupid and doped financial world market.
Carl William Brown
A great fortune depends on luck, a small one on diligence.
Chinese Proverb
The gambling known as business looks with austere disfavor upon the business known as gambling.
Ambrose Bierce
Man is a gaming animal. He must always be trying to get the better in something or other.
Charles Lamb
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.
John Maynard Keynes
For greed all nature is too little.
Seneca
The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech.
John Mortimer
If a business does well, the stock eventually follows.
Warren Buffett
Experience is that marvellous thing that enables you to recognize a mistake when you make it again.
Franklyn P. Jones
It’s an extremely good thing that money sometimes changes hands.
Carl William Brown
Trading and Life Philosophy. Taking small losses is part of the game. Taking large losses can take you out of the game.
Doug Kass
As the statitics says: “95% of traders lose money; only 5% of traders can make a living at it, and only 1% of them really make money.
Carl William Brown
Remember, your goal is to trade well, not to trade often.
Alexander Elder
It took me five years to learn to play the game intelligently enough to make big money when I was right.
Jesse Livermore
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
Paul Tudor Jones
In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
Peter Lynch
Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
Alexander Elder
Master YOURSELF, because you will never master the markets.
Glen Dahlen
If you let the market make you feel high or low, you will lose money.
Alexander Elder
There is only one side of the market and it is not the bull side or the bear side, but the right side.
Jesse Livermore
Any fool can buy a company. You should be congratulated when you sell.
Henry Kravis
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.
Robert Rhea
This avidity alone, of acquiring goods and possessions for ourselves and our nearest friends, is insatiable, perpetual, universal, and directly destructive of society.
David Hume
Successful trading is always an emotional battle for the speculator, not an intelligent battle.
Jesse Livermore
Successful institutional traders often talk of quitting and going to trade for themselves. Only a handful of them manage to make the transition. Most traders who leave institutions get caught up in the emotions of fear, greed, elation, and panic when they start risking their own money.
Alexander Elder
Man is a gaming animal. He must always be trying to get the better in something or other.
Charles Lamb, Essays of Elia, 1823
Every artist was first an amateur.
Ralph Waldo Emerson
Failure Is Only the Opportunity More Intelligently To Begin Again.
Henry Ford
It is essential to wait for trades with a good risk / reward ratio. Patience is a virtue for a trader.
Alexander Elder
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
Alexander Elder
I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.
Jesse Livermore
The goal of the good trader, paradoxically, is not to make money. His goal is to trade well.
Alexander Elder
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