90 Quotes About Trading-psychology

Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.

You will never find fulfillment trading the markets if you don't learn to appreciate and be satisfied with what you already have.

Your best analysis is done by asking the question, “Where is the loser?” The last thing you want your analysis to do is attempt to predict price action. You want your analysis to disclose historical information. You want information that discloses where the loser is, what he is most likely thinking, and where he will most likely be forced to liquidate the losing trade.

Freedom from blind reactivity begins with self-awareness.

There is a huge amount of freedom that is derived from not fighting the market.

People tend to weigh their most recent experiences more than the affairs of the past.

In a bubble, people are ready to pay any price without any regard to intrinsic value or any value whatsoever because they believe they can always sell it for a profit.

You should never test the depth of the water with both feet.