Trading Quotable Quotes for Successful Trading

"Trading Quotable Quotes" 

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On Stock Selection

Week after week, while I did not have any stock and the market was in a steady downtrend... . I tried to detect those stocks that resisted the decline. I reasoned that if they could swim against the stream, they were the ones that would advance most rapidly when the current changed.

Nicolas Darva

Your objective is to buy the best stock with the best earnings at exactly right time and have the patience to hold it until you have been proven right or wrong.

William J. O'Neil

I saw that it is true that stocks are slaves of earnings power. Consequently, I decided that while there may be many reasons behind any stock movement, I would look only for one: improving earning power or the anticipation of it. To do that, I would marry my technical approach to the fundamental one.

Nicolas Darvas

On Success Rate of Trades vs Making Money

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

George Soros

The objective in the market was not to be right but to make big money when you are right.

Jesse L. Livermore

Keep in mind, the prime objective is to make money, not to generate a high percentage of profitable trades. You can be a net winner with a low percentage of winning trades. By low, I mean 40 percent, 30 percent, or even 20 percent.

Thomas McCafferty

When the odds favor the player, it's incumbent to make a bigger bet. If you don't do it during the few times the cards favor you, the house will inevitable win. In investment terms, that means that when you have a really good idea, one that you're confident of and have done your homework on, you have to step up and make a large - though not potentially disastrous - bet. ... Good ideas should not be diversified away into oblivion.

Bill Gross

The desire to maximise the number of winning trades (or minimise the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.

William Eckhardt

On Entries / Buying

Do not move unless there are definite advantages to be gained.

Sun Tzu

Good trades seldom go too far against us.

Van K. Tharp

Experience has proved to me that the real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.

Jesse L. Livermore

On Exits / Short Selling / Selling

When your trade starts to be profitable, you would like to place a trailing stop behind the existing price level and let the market tells you when it is time to get out.

option-income.com

I don't care about squeezing the last tic out of the trade. I have found over the years that trying to do that just isn't worth it.

Mark Douglas

The real money is not made by squeezing the last few ticks out of a trade; it is made by capturing a big part of the middle of the move.

Marcel Link

A lot of people know how to buy, but to make money in the markets you've got to buy and sell. The world is littered with stories, including my own, of people selling at the wrong time, so one does need to know how to sell, and selling short is certainly a good way to learn how to sell.

Jim Rogers

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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