My All Time Favorite Trading Quotes

My All-Time Favorite Trading Quotes

There are some great traders out there, some of them several generations before my time. I have learned some valuable lessons that are as true today as they were way back then.

I have a ton of quotes I refer to on a regular basis from some of these great traders that keep me focused on my goal. I thought it would be good to share these quotes because every trader can learn something from these guys.

My Favorite Quotes

The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.  -Ed Seykota

If you have a losing position that is making you uncomfortable, get out. Because you can always get back in. – Paul Tudor Jones

Good Traders Manage The Downside They Don’t Worry About The Upside – Mark Minervini

“There is a time to go long, a time to go short and a time to go fishing.” – Jesse Livermore

“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

The Market Can Stay Irrational Longer Than you can Stay Solvent – John Maynard Keynes

All you need is one pattern to make a living.” – Linda Raschke

“It’s ok to be wrong; it’s unforgivable to stay wrong.” – Martin Zweig

Forget your pride and ego; the market doesn’t know or care what you think. No matter how smart you think you are, the market is always smarter….Don’t argue with the market, and never try to prove you’re right and the market is wrong. William J O’Neil

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