If I were to meet the slave-traders who kidnapped me and even those who tortured me, I would kneel and kiss their hands, for if that did not happen, I would not be a Christian and Religious today... The Lord has loved me so much: we must love everyone... we must be compassionate!— Josephine Bakhita
Delicious Trader quotations
And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.
I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong
Markets can remain irrational longer than you can remain solvent.
The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.
Don't take action with a trade until the market, itself, confirms your opinion.
Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.
The goal of a successful trader is to make the best trades. Money is secondary.
Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.
If you want to have a better performance than the crowd, you must do things differently from the crowd.
Every once in a while, the market does something so stupid it takes your breath away
Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.
I haven't seen much correlation between good trading and intelligence.
Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.
To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.
Traders focus almost entirely on where to enter a trade.
In reality, the entry size is often more important than the entry price
Know what you own, and know why you own it.
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!
There is only one side to the stock market;
and it is not the bull side or the bear side, but the right side
My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.
He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.
Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.
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.
Cannot the love of Christ carry the missionary where the slave-trade carries the trader? I shall open up a path to the interior or perish.
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.
The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to become a successful trader.
Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.
Rivalry is the life of trade, and the death of the trader.
The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.
A trader does not squander his body as fodder or his soul as alms.
Speech may be silver but silence is golden.
Traders with the golden touch do not talk about their success.
I love trade. I'm a free trader, 100 percent. But we [the USA] need smart people making the deals, and we don't have smart people making the deals.
The markets are always changing, and the successful trader needs to adapt to these changes.
A successful trader studies human nature and does the opposite of what the general public does.