153 Quotes About Trading

Investments are not a lottery; if it feels like the lottery, stay away from it.

Greed and fear are both good and healthy for an investor and capital markets as a whole. Emotions are like fire, beneficial if controlled, destructive if wild.

Individual investors have significant advantages over professional money managers. Retail investors, like you and I, have nobody to report. We have no benchmark to beat and have no fear of capital flight. There are no quarter and year ends, and performance is not linked to calendars.

There is a saying that bad traders divorce their spouse sooner than abandon their positions. Loyalty to ideas is not a good thing for traders, scientists - or anyone.

The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.

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.

Both opportunity and perils surface suddenly in the market. It takes swift, resolute action to exploit one and elude the other. Nothing can unravel a trader's courage more than a huge loss in a stock trade. It wasn't until I suffered enough big losses that I made the decision that turned my performance from mediocre to stellar: I decided it was time to make money and stop stressing about my ego. 16-17

You will never be a greater risk-taker in the markets if you approach life with a completely different attitude.

Speculating (and this includes investing and trading) is the only human endeavor in which what feels good is the right thing to do.