Trading Quotable Quotes for Successful Trading
"Trading Quotable Quotes"
On Being Patience
"It is never your thinking that make big money, it's the sitting."
Jesse L. Livermore
"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime."
James Rogers
On Mr Market and Respecting the Market
"There are two Rules about the market: Rule 1: The Market is Always Right.
Rule 2: When the Market is wrong, see Rule Number 1."
option-income.com
"When I see a danger signal handed to me, I don't argue with it. I get out! A few days later, if everything looks all right, I can always go back in again, thereby I have saved myself a lot of worry and money. I figure it out this way. If I were walking along a railroad track and saw an express train coming at me at sixty miles an hour, I would not be damned fool enough not to get off the track and let the train go by."
Jesse L. Livermore
"Markets can remain irrational longer than you can remain solvent."
On Market Timing
"The variables you use to define your edge have to be absolutely precise. The system has to be designed so that it does not require you to make any subjective decisions or judgment about whether your edge is present. If the market is aligned in a way that conforms with the rigid variables of your system, then you have a trade; if not, then you don't have a trade. Period!"
Mark Douglas
John Maynard Keynes
"The market will fluctuate."
John Pierpont Morgan
"There are times when one should speculate, and just as surely there are times when one should not speculate. There is a very true adage: "You can beat horse race, but you can't beat the races." So it is with market operations."
Jesse L. Livermore
"In this game, the market has to keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder until you get a fat pitch."
Warren Buffett
On Trading the News
"Be very careful of what you learn from the media, any major announcements are perfect timings for the smart money in a ready stance to liquidate their prior positions."
option-income.com
"News magazine like Time, Newsweek, Business Week and Fortune can also provide useful contrary insights when they quote the opinions of presumed financial authorities. In particular, cover stories in these magazines often signal that a trend of intermediate-term or even long-term importance has gone to an unsustainable extreme."
Richard E. Band
Contrary Investing for the 90's
Trading Quotable Quotes Main Page - On Risk and Risk Management
TQQ Part 2 - On Being Patient / Mr Market and Respecting the Market / Market Timing / Trading the News
TQQ Part 3 - On Stock Selection / Success Rate of Trades vs Making Money / Entries & Exits
TQQ Part 4 - On Setting Stop Losses and Preserving Capital / Outcome of Trades / Technical Analysis / Trader's Mindset, Belief System & Investment Psychology / Contrary Trading
TQQ Part 5 - On Trend Following / Going With The Flow / Letting Winners Run / Averaging Up / Discipline / Recovery
TQQ Part 6 - General Topics related to Trading
Option Trading Quotable Quotes
Fundalmental Quotable Quotes
Non Trading Related Quotable Quotes
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