90 Quotes About Trading-psychology

The success of an investment is all about its execution and is not about its outcome.

Gold, paintings, or bitcoin are all examples of buying a bigger-idiot type of asset. You can be lucky and find a bigger idiot most of the time, but if you consistently play the same game, once in a while you will be the biggest idiot. You will find yourself holdingthe bag all the way down to market bottoms.

The market’s long-term trajectory is upward, which is the only direction the market can go over a long period.

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.

In a bubble, people demonstrate some sort of cult-like behavior. They defend their positions, not by economic logic, but by force. They do this by calling those whodisagree with them dirty, and mocking people who give them prudent advice.

Your best analysis is done by asking the question, 'Where is the loser?

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.

Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.

The expectation that you bring with you in trading is often the greatest obstacle you will encounter.