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An Inspiration to Newbie Traders

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  • An Inspiration to Newbie Traders

    A Big Hello to all New Traders who is going to start his trading carrier or just started his carrier in Trading....Being Itself a Researcher from last 5 years i have learnt something in my carrier.

    Trading is not all about Winning or Losing..Successes and Failures are Parts of Trading. They are Not Permanent.

    I have learnt many more things from most of the successful traders of all time and i am just sharing my thought to all of you ..

    I have Inspired some of the successful traders quotes and just wanted to inspire all the new traders..

    Motivational Quotes from top 10 Successful Traders :-

    1- The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

    2- “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch

    3- “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones.

    4- “Throughout 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’t take a hard look at risk, it will take you.” – Larry Hite

    5- “In investing, what is comfortable is rarely profitable.” – Robert Arnott

    6- “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor Sperandeo

    7- “If I have positions going against me, I get right out; if they are going for me, I keep them… Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.” – Paul Tudor Jones

    8- “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz

    9- “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

    10- “Letting losses run is the most serious mistake made by most investors.” – William O’Neil

    And at last but not the least.

    "Keep Motivated.."

  • #2
    Those quotes are pretty inspirational, thank you.


    • #3
      Thank you for the quotes, they are good yes!

      I would like to add my own...They are similar to each other, just put in a different context.

      Good trading performance is just the result of well-developed person.

      Trading perfromance is simply the mirror of who we are.

      The perfromance itself shows us how self aware we actually are.

      Trade safely guys, take care!


      • #4
        Well, you know, I was a human being before I became a businessman.

        George Soros


        • #5
          Really good ones. Especially 4th and 6th points. Thank you for sharing and motivating us all. I have others that I never forget:

          1) Keep your eyes on stars and your feet on the ground. - Theodore Roosevelt
          2) Be selective in battles. Sometimes peace is better than being right.
          3) Success is no accident. It is hard work, perseverance, learning, studying, sacrificing, and most of all, love of what you're doing. - Pele


          • #6
            Lot of inspirational stuff and I love last poster one about peace and being right.... so much in my life But I still prefer to do something instead of reading the quotes anyway. It will make you gain that needed experience which you may lack cause of all this stuff.