Trading Quotable Quotes for Successful Trading

"Trading Quotable Quotes" 

On Trend Following / Going With The Flow

"Treat The Trend as your closest Friend. "

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"I am cautious about going against the herd; I am liable to be trampled on."

George Soros

"The correct approach is to say: This structure means up, and this structure means up and no more, but never that this structure means up this much and no more."

Richard Dennis

"One of Soro's most important traits - as with every successful trader - is his willingness to reverse field instantly when he realizes that he has made a mistake."

Book: The New Money Masters
John Train

On Letting Winners Run / Averaging Up

"The objective of trading is not to be just right - but to make real money when you are right."

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"One common adage... that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits."

William Eckhardt

"The time you know you've become a good trader is that first day you were able to win by holding and adding to a winning position."

Charlie P. DiFrancesca

"The basic concept that applies to both poker and trading is that the primary objects is not winning the most hands, but rather maximizing your gains."

Jeff Yass

"If you don't stay with your winners, your are not going to be able to pay for the losers."

Michael Marcus

"It should be said that too many speculators buy or sell impulsively, acquiring their entire line at almost one price. This is wrong and dangerous. Let suppose that you want to buy 500 shares of a stock. Start by buying 100 shares. Then if the market advances buy another 100 shares and so on. But, each succeeding purchase must be at a higher price than the previous one."

Jesse L. Livermore

On Discipline

"You don't need complicated Einstein formulas to make money in the markets. You do need to be discipline and comfortable with yourself. No matter how good a trader you are, the markets are always going to screw you with your head and test your mental fortitude."

Mark B. Fisher

"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading... I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short."

Victor Sperandeo

On Recovery

"After a series of losing trades, it is beneficial to take a break from your trading, get centered and spend time remembering and recreating the images and feelings associated with past successful trades. These affirming memories tap into internal sources of confidence and help you to reestablish your sense of purpose. "

Ari Kiev
Trading to Win

On Diversifications / Concentrations

"A successful businessman extends credit to various customers but would dislike to sell his entire output to one customer. The larger the number of customers, the more widely the risk is spread. Just so, a person engaged in the business of speculation should risk only a limited amount of capital on any one venture. Cash to the speculator is as merchandise on the shelves of the merchant."

Jesse L. Livermore

"The more you diversify, the less you know about any one area. Many investors over diversify. The best results are achieved through concentration: putting all your eggs in just a few baskets that you know a great deal about and continuing to watch those baskets very carefully."

William J. O'Neil

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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