Quotes



CONTROL YOUR EMOTIONS

"You need discipline, patience, and courage. You must have a willingness to lose, but a strong desire to win." -Gary Biefeldt

"Patience is an important trait many people don't have." - Tom Baldwin

"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" - Jess Livermore

"Whenever I have had the patience to wait for the market to arrive at what I call a "Pivotal Point" before I started to trade; I have always made money in my operations" - Jesse Livermore

"One of the best rules anybody can learn about investing is to do nothing absolutely nothing unless there is something to do" - Jim Rogers

"Men who can both be right and sit tight are uncommon" - Jesse Livermore

"Normal human tendencies are traits that cause you to do poorly. Therefore, to be successful as a trader you need to condition abnormal responses" - Mark Minervini

"First of all, never play macho man with the market. Second, never overtrade." - Paul Tudor Jones

"Don't get too complacent once you have made profits." - Mark Weinstein

"I have found that the greatest traders are the ones who are most afraid of the markets." - Mark Weinstein

"The policy of being too cautious is the greatest risk of all."- J. Nehru

"Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions" - Jack Schwager

"Impulsive trades can be dangerous. Trades cited as their most painful by the Market Wizards were usually impulsive ones" - Jack Schwager


STRATEGY:

"I rely on systematic trading to reduce my levels of stress and anxiety and allow me to make more objective choices." - Gary Antonacci

"The more a trading system has been optimized to improve its past performance the less likely it is to perform well in the future" - Jack Schwager

"The best traders are simply slaves to the market's price action" - Steve Burns

"Of course there is always a reason for fluctuations, but what the tape does not concern itself with the why and wherefore." - Jesse Livermore

"If you diversify, control your risk, and go with the trend, it just has to work." -Larry Hite

"We ignore outlooks and forecasts. we’re lousy at it and we admit it. everyone else is lousy too, but most people won’t admit it." –M. Whitman

“Don’t focus on making money; focus on protecting what you have.” - Paul Tudor Jones

"There are cycles in everything - the weather, ocean waves, and the markets." - Al Weiss

"Many economists have tried to trade the commodity markets fundamentally and have usually ended up losing." - Al Weiss

"Fundamentals that you read about are typically useless as the market has already discounted the price. -I call them "funny-mentals." However, if you catch on early, before others believe, then you might have valuable "surprise-a-mentals" -Ed Seykota


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