Asit Baran Pati 🇮🇳 Profile picture
Apr 13, 2020 52 tweets 10 min read Read on X
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 Image
TradingQuotes# 40
:) Image
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 🙏🙏

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More from @asitbaran

Apr 4, 2022
My advice to all the people starting their respective journey in the game of Trading. It’s a match of lifetime, play it like a Test match, must protect your capital (wicket) at any cost. If you just hang around, market will surely reward you eventually. Must be there around to
grab the opportunities. But Most of US, Most of the time end up giving our wickets too early too many times and let ourselves be drifted. It’s a craft, hone it with lot of effort and dedication and over time you will find it easy. But got to hang around to see the benefits.
Find what you are comfortable with, cash/buying/selling etc, everything is fine but must be as per your Trading DNA and as per your risk taking abilities. Spend time finding your edge rather copying someone else’s. Take inspiration from everyone but must stand out in the crowd
Read 5 tweets
Apr 4, 2022
Good Morning everyone. Thank you all for the kind words for the calls given at CNBC for HDFC twins, BN 37500 and Nifty 18k. Me myself had a great day was bullish and it was duly rewarded. Did I know will be able to capture 1000 points NO, but I just followed the system and shared
The calls. And am happy so many people have been benefitted by these 🙏🙏. Since last 15 months, I hv started appearing in the channel, always done things to the best of my knowledge and integrity. There would be calls which would have not worked as well, but it’s always abt the
Win rate and it has been decent, I would say. And still I would asked abt my experience in the market as buyer. Let me feel these morons that, its not the time we spend in the market but quality of time and having the skin in the game. It’s better not to preach and letting your
Read 5 tweets
Jan 4, 2022
So lot of talk how badly the trading community doing. Sad reality but could be true. But honestly that shouldn’t be the reason of not trading or leaving it. Let me share one of my small little stories (hv got just too many of them). So this was around 2014-15, when things were
Really bad and I was badly going down. Went to a famous astrologer for better luck/outcomes etc. And to my utter surprise she shook my whatever leftover confidence badly , saying the trading journey will destroy me and my future and how badly I will be doing, should I
Continue trading. Asked me to leave it and concentrate on the job in hand. And shouldn’t ever contemplate to leave the job as I would be hopeless without it. Expected some miracle of sorts to come out of my miseries. But alas, and fact she told I’ll go down even further
Read 8 tweets
Jan 3, 2022
When renowned Fund Manager too believe that money can’t be made from trading, after some absurd statistics it’s just goes out to show the bias. Trading outcome will always be horrifying if not done with rules and risk management. And most of the retail are in that stage
Of Inertia trading or Trading without logic and on Tips. Trading is not that bad for God Sake, the manner in which is done cud be horrible. And let’s admit it’s not for everyone and everybody. Just like all mutual funds and fund managers could led others to believe they are the
Best in the business. Nothing wrong in trading or Investment guys. Either rout can generate money. It all matters how well you know what you doing. And Zerodha, who themselves can’t keep their own house in order with all the resources at their behest, shouldn’t talk the caliber
Read 4 tweets
Jan 2, 2022
Risks from Investments are under hyped and Risks from Trading Over Hyped. In coming years you would see much more traction from Trading than Investment. And new rules will be written. Trading can give equivalent multi bagger effect if not more (if done correctly!)A whole new
Generation will wake upto this fact. And you will have Buffets of Trading in this country. If you don’t know your Game, whether you are doing Trading Or Investment, you will be thrown out of the Ring. The Mental Muscle needed for Trading is completely different from Investment
But if built up well, it will leave multi-bagger impact of Investment much behind. I know what am saying, but trust me this is the truth. For an average retail making wealth out of investment will take decent time, but can be done much faster if he knows what he is doing.
Read 4 tweets
Sep 11, 2021
Came across few YT videos related to trading. Am not sure abt the craze and but it’s surely appalling the ways things are being narrated. Please watch the right ones to be Inspired or shorten the learning curve. Quite a bit of crap is floating around from all around. There is no
Accountability. Don’t follow things blindly, ensure to do your own due diligence. Cheers
Having said the above, personally speaking, I’ve benefited immensely from the handles of these below, and try to go through their content whenever I get time, (not in any particular order), @piyushchaudhry , @MaverickAmit01 , @Rishikesh_ADX , @InvesysCapital , @SubhadipNandy16
Read 5 tweets

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