{"id":11629,"date":"2016-07-26T08:18:48","date_gmt":"2016-07-26T15:18:48","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=11629"},"modified":"2024-03-07T01:21:31","modified_gmt":"2024-03-07T08:21:31","slug":"17-best-trading-quotes-ever","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/17-best-trading-quotes-ever\/","title":{"rendered":"17 of the Best Trading Quotes of All-Time"},"content":{"rendered":"

Trading quotes<\/strong> (and inspirational quotes in general) are a funny thing…<\/p>\n

In small doses, they can serve as fuel to propel us forward, especially when we are feeling discouraged.\u00a0But when you get them all the time\u00a0(ahem, like on some Instagram accounts) they can seem clich\u00e9.<\/p>\n

So I didn't want to barrage you with a million trading quotes.<\/strong> Only the ones that I really like and resonate with me.<\/p>\n

I also give you a little background on each person who is credited with\u00a0the quote. You might learn something new about some of these people…I know I did.<\/p>\n

In addition, I only quote each person once. This made compiling this list much harder, but I think it also makes it much more interesting.<\/p>\n

I'm sure you don't want to get 17 quotes from Jesse Livermore \ud83d\ude42<\/p>\n

Hopefully you will really love one or two of them. If\u00a0so, be sure to write them down and keep them visible during your trading day.<\/p>\n

If you like this list of trading quotes, feel free to share it on Twitter by clicking below.<\/p>\n

Which one of these trading quotes is your favorite?\u00a0<\/strong><\/p>\n

Then I hope you go create some quotes of your own…<\/p>\n

My Favorite Trading Quotes<\/h2>\n

1. Michael Marcus<\/h3>\n

“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.”<\/p><\/blockquote>\n

Background on Michael Marcus:\u00a0<\/strong>He is primarily known for turning $700 into $80 million and was featured in the Market Wizards<\/a> book. One of his biggest mentors was Ed Seykota.<\/p>\n

2.\u00a0Alexander Elder<\/h3>\n

“You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.”<\/p><\/blockquote>\n

Background on Alexander Elder:\u00a0<\/strong>From his website<\/a>…<\/p>\n

“Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University.”<\/p>\n

That's also possibly the best opening of a book…ever. Yes, even better than A Tale of Two Cities<\/em>.<\/p>\n

3.\u00a0Martin Schwartz<\/h3>\n

“A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.”<\/p><\/blockquote>\n

Background on Martin Schwartz:\u00a0<\/strong>He is probably best known for winning the U.S. Investing Championship in 1984. He trades stocks, futures and options.<\/p>\n

4.\u00a0Nicolas Darvas<\/h3>\n

\u201cI believe in analysis and not forecasting.\u201d<\/p><\/blockquote>\n

Background on Nicolas Darvas:\u00a0<\/strong>A dancer by training, but he\u00a0taught himself to trade\u00a0and made $2 million in the stock market. He is known for his “box theory” of technical analysis.<\/p>\n

5.\u00a0Van K. Tharp<\/h3>\n

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”<\/p><\/blockquote>\n

Background on Van K. Tharp:<\/strong>\u00a0One of the best trading psychologists. He has been helping traders create trading systems, overcome self-limiting beliefs and become the best version of themselves, since 1982.<\/p>\n

6.\u00a0Ed Seykota<\/h3>\n

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”<\/p><\/blockquote>\n

Background on Ed Seykota:\u00a0<\/strong>In the 1970's Ed pioneered the testing of mechanical trend following systems on punch card computers. He helps traders on his Trading Tribe<\/a> website.<\/p>\n

7.\u00a0Paul Tudor Jones<\/h3>\n

\u201cThe secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.\u201d<\/p><\/blockquote>\n

Background on Paul Tudor Jones:<\/strong> He is probably best known for his prediction of the 1987 Black Monday stock market crash, in which he tripled his money. He is the founder of the Robin Hood Foundation, a philanthropic organization, mainly backed by hedge fund operators.<\/p>\n

8. William O'Neil<\/h3>\n

“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”<\/p><\/blockquote>\n

Background on William O'Neil:<\/strong> Famous for the CANSLIM method of investing in stocks. Founder\u00a0of Investor's Business Daily<\/a>.<\/p>\n

9.\u00a0John Maynard Keynes<\/h3>\n

“Markets can remain irrational longer than you can remain solvent.”<\/p><\/blockquote>\n

Background on John Maynard Keynes:\u00a0<\/strong>A famous British Economist who won and lost fortunes in speculation. Known for\u00a0Keynesian Economics, where he believed that in an economic downturn, a government should\u00a0borrow money to finance economic recovery.<\/p>\n

10. Warren Buffet<\/h3>\n

\u201cYou don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.\u201d<\/p><\/blockquote>\n

Background on Warren Buffet:<\/strong> The “Oracle of Omaha” is known for value investing and is one of the richest men in the world.<\/p>\n

11. John Paulson<\/h3>\n

“Those types of investments don\u2019t come around very often.”<\/p><\/blockquote>\n

Background on John Paulson:\u00a0<\/strong>His company made $15 billion<\/a> on the subprime collapse.\u00a0‘Nuff said.<\/p>\n

12.\u00a0Randy McKay<\/h3>\n

\u201cWhen I get hurt in the market, I get the hell out. It doesn\u2019t matter at all where the market is trading. I just get out, because I believe that once you\u2019re hurt in the market, your decisions are going to be far less objective than they are when you\u2019re doing well\u2026 If you stick around when the market is severely against you, sooner or later they are going to carry you out.\u201d<\/p><\/blockquote>\n

Background on Randy McKay:\u00a0<\/strong>He was featured in The New Market Wizards<\/a>. In 1972, he used his brother's seat on the newly formed IMM and started trading with $3,000. The rest, as they say, is history.<\/p>\n

13.\u00a0George Soros<\/h3>\n

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”<\/p><\/blockquote>\n

Background on George Soros:\u00a0<\/strong>Known as the man who broke the Bank of England, he now dedicates his time and money to supporting progressive<\/a> political causes.<\/p>\n

14. Larry Hite<\/h3>\n

\u201cThroughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don\u2019t take a hard look at risk, it will take you.\u201d<\/p><\/blockquote>\n

Background on Larry Hite:<\/strong> A hedge fund manager who helped pioneer computerized system trading, with Ed Seykota.<\/p>\n

15.\u00a0Bruce Kovner<\/h3>\n

“If you personalize losses, you can't trade.”<\/p><\/blockquote>\n

Background on Bruce Kovner:<\/strong> He borrowed $3,000 on a credit card to trade\u00a0soybean futures. That trade eventually went to $23,000. He is now estimated to be worth $5.3 billlion.<\/p>\n

16.\u00a0Victor Sperandeo<\/h3>\n

\u201cThe key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading\u2026 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\u2019t cut their losses short.\u201d<\/p><\/blockquote>\n

Background on Victor Sperandeo:<\/strong>\u00a0Another trader who benefited from the 1987 stock market crash, reportedly making 300% on his money. Also known as “Trader Vic,” not to be confused with the tiki bars.<\/p>\n

17.\u00a0Sir John Templeton<\/h3>\n

“The four most dangerous words in investing are: This time it's different.”<\/p><\/blockquote>\n

Background on Sir John Templeton:<\/strong>\u00a0Investor and mutual fund pioneer, Templeton became a billionaire by pioneering the use of globally diversified mutual funds. He was one of the most generous philanthropists of all-time, giving away over $1 billion during his lifetime.<\/p>\n

Conclusion<\/h2>\n

Whew, that was fun. Out of all of those quotes, the one from Alexader Elder is my favorite.<\/p>\n

But who knows, that may change…<\/p>\n

 <\/p>\n

Now it's your turn…what are some of your favorite trading or inspirational quotes<\/a> of all-time? Or even better, what is a trading saying that you would want to be known for? Drop them in the comments below…<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\u00a0<\/p>\r\n

Disclaimer: Some links on this page are affiliate links. We do make a commission if you purchase through these links, but it does not cost you anything extra and we only promote products and services that we wholeheartedly believe in. TradingHeroes.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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