Trading Quotes
It would be good to have a thread with trading quotes. I believe they are very important for trading psychology. I encourage everybody to post his best quote or best quoteS so we can profit all from it.
I will start with one for Jesse Livermore. I am a fan of this trader!
”the only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…It is emotionally difficult to review your mistakes, since the speculator must wade through his own bad trades and blunders. And these are not simple blunders; these are blunders that cost money. Anyone who has lost money by investing poorly knows how difficult it is to reexamine what occurred. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”
Well I guess Jesse Livermore would have loved FXSTAT!!!!!
"If you dont know what you are doing, doing nothing is better than doing you know what" - Trader Jack
I guess this the most known quote...
"Trade what you see, Not what you think"
"If you're going to panic, panic early."
The game taught me the game. And it didn’t spare me rod while teaching. Jesse Livermore
"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill
"Laziness is a secret ingredient that goes into failure. But it's only kept a secret from the person who fails." Robert Half
"Borrow money from a pessimist, they don't expect it back" ![[devil]](/themes/default/images/smiles/devil.png)
If at first you don't succeed, destroy all evidence that you tried!
The best trading method is to take advantage of the crowd's greed and fear.
One must be able to read the current level of market's hidden energy to be a master trader.
A low risk high return trade is the trade that aligns with fundamental and is opposite the current market emotion.
-----Jimmy Chow
amateurs focus on how much they can win, professionals focus on how much they can lose. Professionals take money from amateurs