Whether you are a beginner trader or expect, this quotes will 10x your trading and will change your life.
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Do more of what works and less of what doesn’t.
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless
My attitude is that I always want to be better prepared than someone I’m competing against. The way I prepare myself is by doing my work each night.
The market can stay irrational longer than you can stay solvent.
Don’t try to rationalize market behavior
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets
It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.
Win or lose, everybody gets what they want from the market. Some people seem to like to lose, so they win by losing money.
Don’t focus on making money, focus on protecting what you have
I know where I’m getting out before I get in.
There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time.
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