Trading Quotable Quotes for Successful Trading

"Trading Quotable Quotes" 

On Gaining Practical Experience

"Market wisdom, like Samurai truth, is practical truth that can only be utilized and realized in action. "

Robert Koppel

"The best way to learn is to do it yourself; there's nothing quite like it. I've read a lot of books (I've written books myself) and talked to a lot of people, but I'll tell you there is nothing quite like doing it. You can even invest on paper and learn that you are a great investor, but when you actually do it, it's a whole lot different."

James Rogers

On Chart Patterns

Bases
"Short bases of one to four weeks in duration are very risky and usually fail. Avoid them."

William J. O'Neil

Trendline:
"The size or length of a trend is an important factor, as with price pattern. If series of ascending bottoms occurs over a 3 to 4 week span, the resulting trendline is only of minor importance. If the trend extends over a period of 1 to 3 years, however, its violating marks a significant juncture point."

Martin J Pring

On Human Aversion To Losses

"Because of the pain of loss, people are willing to take greater risks to reduce that pain and to avert it than they are willing to do to maximize their profitability. They are less motivated by profitability and success than by aversion to loss, and therefore they are more likely to take high risk bets when they are at risk of losing."

Ari Kiev

Tales about the Brokers

"Time and again I heard brokers tell new clients that their investment philosophy was to buy and hold. That's the way they made money for their clients, they said. They were conservative, they said. After the new clients opened an account, sent in their money, and bought something, the brokers were on the phone again peddling an even better opportunity. They wanted clients to send in more money for this next purchase. But when clients wouldn't or couldn't send in more money for the purchase, the brokers usually shifted gears. Well, he said, let's sell out the first position and use that money to buy this other stock. It was an opportunity too good to pass up."

License to Steal
The Secret World of Wall Street and the Systematic Plundering of the American Investors
by Anonymous and Timothy Harper

General

"It is important to keep a trading journal, without one, it's easy to forget why you bought something in the first place, be it for fundamental or technical reasons ."

option-income.com

"To avoid whipsaw losses, stop trading."

Ed Seykota

"High probability trading: Always trade in the direction of the long term trend and fundamentals. Be impatient with losses and always cut them short. Be extremely patient with your winners and let the profits ride. Never over trade, trade up to a level where you can still sleep well and no more."

option-income.com

"Like the casino, a successful trader will identify a system that gives him an edge. By trading the system with strict discipline, he strived to achieve repeatable outcome and consistent growth in his trading account."

option-income.com

"Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who becomes successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit rather than focusing on the information that reinforces their fears."

Mark Douglas

"Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets."

Michael Carr

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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