Thread by @asitbaran

Trading Quotes #1
“You are the most important variable in the trading equation.” – Mike Elvin, Financial Risk Taking

Trading Quotes #2
“I think one of my strengths is that I view all that has happened up to this point to be history. I really don’t care about the mistakes I made 3 seconds ago, What I care about is what I am going to do from the next moment on” – Paul Tudor-Jones. My Story

Trading Quotes #3
“The three elements of successful trading are: Cutting losses, cutting losses, cutting losses. If you can follow these rules, you may have a chance!” – Ed Seykota in Market Wizards

Trading Quotes #4
“Mental toughness is judged by the speed in which a trader can recover from losses and mistakes within a trading session; how quickly they recover from larger losses; and the ability to continue trading while going through a prolonged period of losses or

bad performance, and then eventually turn things around.” – Tariq Arees, trader

Trading Quotes #5
“Good trading is not about being right, it is about trading right. If you want to be successful, you need to think of the long run, and ignore the outcome of individual trades.” – Curtis Faith, Way of the Turtle

Trading Quotes #6
“I've missed more than 9000 shots in my career. I've lost almost 300 games. On 26 occasions I've been entrusted to take the game winning shot, and I missed. I've failed over and over and over again in my life. N that’s precisely why I succeed.” – Michael Jordan

Trading Quotes #7
“We are what we repeatedly do. Excellence then is not an act
but a habit.” – Aristotle

Trading Quotes #8
“Most people make the mistake of increasing their bets as soon as they start making money. That is a quick way to get wiped out.” – Marty Schwartz, in Market Wizards

Trading Quotes #9
Oscillation – Balancing Stress and Recovery: “Consistent performance is achieved when you have a healthy oscillation between positive peak performance states, and periods of recovery.” – James E. Loehr, Stress for Success

Trading Quotes #10
“What has happened in the past will happen again, and again. This is because human nature does not change, and it is human emotion, solidly build into human nature, that always gets in the way of human intelligence. Of this I am sure.”- Jesse Livermore

Trading Quotes #11
"It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities" - Charlie Munger

Trading Quotes #12
“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make any money and if you’re not defensive, you’re not going to keep the money you made.

I believe that anyone who has made money in trading has had to experience horrendous pain at some time" - Ray Dalio

Trading Quotes#13
“Only a man who knows what it is like to be defeated can reach down to the bottom of his soul and come up with the extra ounce of power it takes to win when the match is even.” - Muhammad Ali (Just what it takes to make yourself different from the crowd)

Trading Quotes#14-16
“Markets can remain irrational longer than you can remain solvent.” - John Maynard Keynes

“If you personalize losses, you can't trade.” - Bruce Kovner

“The market is like a large movie theatre with a small door.”
- Taleb

Trading Quotes#17
"Options have a tendency of sucking in very intelligent people and blowing them up. The smarter the person, the more spectacular the blowup" - Taleb

Trading Quotes#18-19
"When I trade, I don't hv an agency problem; I hv my neck on the line. When a bank or banker trades, it's not his neck on the line"
“Randomness, adventures, uncertainty, self-discovery, near-traumatic episodes, these things makes life worth living"

- Taleb

Trading Quotes#20 -21
"The way to make money is to buy when blood is running in the streets" - John D Rockefeller
"A man must believe in himself and his judgement if he expects to make a living at his game" - Jesse Livermore

Trading Quotes#22-23
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter"
― Yvan Byeajee

Trading Quotes#24-25-26
“In order to succeed, you first have to be willing to experience failure.”
“Trading effectively is about assessing probabilities, not certainties.”
“The mind is a fascinating instrument that can make or break you.”
― Yvan Byeajee

Trading Quotes#27
There is no comfort zone in trading, which makes this
business difficult. It’s an uncomfortable feeling and you
have to find a way around it - Gareth Burgess

Trading Quotes#28 - 29
“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes.

These people typically have a working business plan for trading because they treat trading as a business.” - Van K. Tharp

“I believe in analysis and not forecasting.” - Nicolas Darvas

Trading Quotes# 30
“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones

Trading Quotes# 31
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing

well…If you stick around when the market is severely against you, sooner or later they are going to carry you out.” - Randy McKay ; follow this strictly..

Trading Quotes# 32-33
“Losses are necessary, as long as they are associated with a technique to help you learn from them” - David Sikhosana

“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” - Yvan Byeajee

Trading Quotes# 34
"The fastest way to take a bath in the stock market or go broke is to try to prove that you are right and the market is wrong."- William J. O'Neil

Trading Quotes# 35
Pain shapes a man into a warrior. Warriors are the ones who have sacrificed the most, have endured and suffered the worst pain. Warriors gain strength and wisdom from their hardest battles.

Warriors let their battles make them. "It's not the size of the dog in the fight, it’s the size of the fight in the dog.” - Aonymous

Life Quotes# 36
"If someone can tell you when to work and what to wear you’re not free" - Naval. Just cant agree more. It's almost like giving a part of life to somebody and some entity that rules your life, should invest in ourselves rather than having ourselves invested

in an idea called JOB. Maybe a day will come when we just have the freedom to take up anything we want and be good at it rather being enslaved to this old age theory and perception of Success called JOB! Entrepreneurship - Art - Sports should be encouraged much more by society.

Life Quotes# 37
"Your real resume is a catalog of your suffering" - Naval. Goosebumps..Our struggles are very unique and very personal. Not that everybody has to go through a real one, but those who go through the period of darkness and hopelessness, and manage to fight it out,

Do get to see the bestest and brightest light at the end of the tunnel. Trust your struggle, as it will make you stumble upon your unknown strength. Embrace it because once you overcome it most certainly you will win your life back. I used to be ashamed of my EPIC failures

Until I realise that's part of the process and there is nothing wrong in failing. Rock bottom became the solid foundation on which I rebuilt my second phase of life :)..Not sure why am writing all this. But just a message to everyone, whoever is struggling, just don't worry

This too shall pass. We just to give our best, and not shy away from putting effort..

Please do watch Joe Regan's podcast with Naval. Some of the gems of life in two hours. A must watch..

Life Quotes# 38
A man has 2 life, the second one is when you realize you only have one: Confucius

TradingQuotes# 39

TradingQuotes# 40
:)

TradingQuotes# 41

The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless - Jack Schwager

I guess this is what really matters. The preparation done outside the ring defines how well you are prepared for the fight inside

TradingQuotes# 42

I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime - Jim Rogers

Patience is the key to trading success. Without it and discipline we'll lose money Guaranteed..

#TradingQuotes 43

"Cut Your Losses, Cut Your Losses, Cut Your Losses. Then maybe you have a chances" - Ed Seykota

That's the only way of survival in this maze called market. Always protect your capital to live another day to fight.

#TradingQuotes 44

"The most important rule of trading is to play great defense, and not great offense" - Paul Tudor Jones

Risk Management and being aware of the magnitude of losses can take us a great distance..

#TradingQuotes 45

"Good Judgement comes from experience, Experience comes from Bad Judgement" - Jim Horning

#TradingQuotes 46

"It is not enough to do your best; you must know what
to do, and then do your best" - W. Edwards Deming

#TradingQuotes 47
Prices, like everything else move along the line of least resistance. They will do whatever comes easiest
therefore they will go up if there is less resistance to an advance than to a decline and vice versa - "Edwin Lefèvre" in Reminiscences of a Stock Operator

#TradingQuotes 48
"The propensity to gamble is always increased by a large prize vs. a small entry fee, no matter how poor
the true odds." - Warren Buffett

#TradingQuotes 49
“Fear blinds us to opportunity, greed blinds us to danger.”
- "Roland Barach, Mindtraps"
When markets rally, greed, which is FOMO, kicks in and participants buy high. When the market sells off, the fear of loss causes market participants to panic

#TradingQuotes 50
"The markets are unforgiving and emotional trading always results in Losses" - Alexander Elder

It happens to the best out there. Be it FOMO or revenge trading or overtrading to due to the urge to make more profit or recover past losses; outcome can be unhealthy

#TradingQuotes 51
"A stock trading strategy is like a marriage; if you’re not faithful, you probably won’t have a good outcome. It takes time and dedication.." - Mark Minervini

Just cant get over the great session I had from @markminervini Sir last night hence rereading his

Book, for better learning things in a different context. Looking forward to absorb wealth of knowledge from the master 🙏🙏