11 Trading quotes you might not have heard of
|In the search for forex trading riches, it is of course necessary to consult those successful traders who have gone before. However, many times we get sold the same old information and hear the same old tired quotes. Here are some you may not have come across in your trading studies:
"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." Robert Rhea
“The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!” Linda Bradford Raschke
"Panics do not destroy capital—they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works." John Stuart Mill (1806 - 1873)
“True Trading Mastery derives from understanding the relatively small role technical analytical factors play in the overall trading process and the inestimably important role that correct market attitudes and beliefs exert in facilitating a consistently profitable result.” Bob Koppel
Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit. Conrad Hilton
"To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations." Ari Kiev
"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
“It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sum payment for a future cash flow.” Ray Dalio
"A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails" W. A. Ward
“You should try to express your enthusiasm and ingenuity by doing research at night, not by overriding your system during the day. Overriding is something you should do only in unexpected circumstances – and then only with great forethought. If you find yourself overriding routinely, it’s a sure sign that there’s something that you want in the system that hasn’t been included.” William Eckhardt
"One characteristic I've found among successful traders is that they function effectively when they're not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present. For them, losing money is less onerous than experiencing boredom." Trader Feed
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