90 Quotes About Trading-psychology

Investors need to keep their emotions in check for a successful investment career. It is the most important requirement. It’s even more critical than having access to capital and markets.

Traders and investors are humans, full of emotions, behavior biases, and good and bad past experiences. We don’t have much control over psychological shortcomings, and we routinely make decisions contaminated with our emotions and biases.

Somehow, we believe that we have a better chance of winning a game of probabilities, totally disregarding that everybody who is playing the game has the same possibility of winning.

If your bull case to buy a stock is “a sharp price drop” or "price is going to the moon”, you don’t have a bull case.

I am sure some people are very skilled, and trading comes easy for them, but it is a game of chance for most of us.

It is always better to avoid hyped stocks and desire to double your money in no time.

Wait for the price to come to your desired level, and then buy it. If it goes down further, buy more.

If the buyers believe that they can sell assets to other buyers at a higher price, then the purchase price becomes irrelevant.

If an increase in price makes you happy, surely a price drop will make you sad.