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AL MOOSAWI ABDULLAH JAFFER BAQER

Founder at Passive Income Co
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Founder at Passive Income Co

To trade successfully we need to go through the proven path that others had gone and reached!

Here are 17 quotes from such successful investors:

1- Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.

Joe Vidich

2- 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.

Jack Schwager – Author of Market Wizards

3- The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.

Jack Schwager – Author of Market Wizards

4- 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.

Marty Schwartz

5- Do more of what works and less of what doesn’t.

Steve Clark

6- I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.

Jim Rogers

7- The market can stay irrational longer than you can stay solvent.

John Maynard Keynes

8- If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.

Bill Lipschutz

9- If a trader is motivated by the money, then it is the wrong reason. A truly successful trader has got to be involved and into the trading, the money is the side issue… The principal motivation is not the trappings of success. It’s usually the by-product – simply stated, “the game’s the thing”.

Bill Lipschutz

10- 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

11- 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.

George Soros

12- Win or lose, everybody gets what they want from the market. Some people seem to like to lose, so they win by losing money.

Ed Seykota

13- Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt. After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference.

Paul Tudor Jones

14- Don’t focus on making money, focus on protecting what you have.

Paul Tudor Jones

15- I know where I’m getting out before I get in.

Bruce Kovner

16- When in doubt, get out and get a good night’s sleep. I’ve done that lots of times and the next day everything was clear… While you are in [the position], you can’t think. When you get out, then you can think clearly again.

Michael Marcus

17- 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.

Jesse Livermore

Please keep these quotes in mind before, during and after trading.

Source : https://dailypriceaction.com/blog/trading-quotes/

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