Here are 12 motivational quotes that will help keep you focused and on the path to successful trading:
- "The goal of a successful trader is to make the best trades. Money is secondary." – Alexander Elder
- "Money is made by sitting, not trading." – Jesse Livermore
- "The stock market is a device for transferring money from the impatient to the patient." – Warren Buffett
- "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'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." – George Soros
- "In trading, the best offense is a good defense. Protecting your capital should always be your first priority." – Paul Tudor Jones
- "Michael Marcus* taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money." – Bruce Kovner
- "The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." – Victor Sperandeo
- "The best traders have no ego. You have to swallow your pride and get out of the losses." – Tom Baldwin
- "Pain plus reflection equals progress." – Ray Dalio
- "Throughout my financial career, I have continually witnessed examples of other people I have known were ruined by a failure to respect risk. If you don't take a hard look at risk, it will take you." – Larry Hite
- "Learn to take losses. The most important thing in making money is not letting your losses get out of hand." – Marty Schwartz
*another top trader