Brandon Stanton Quotes

When you trade sometimes you lose.

Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades that he can easily walk away from the position.

If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

Play the game for more than you can afford to lose... only then will you learn the game.

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.

Zeroing in on the best sectors or the best regions of the world is great, but zeroing in on the very best individual stocks is the key to making truly impressive profits.

A speculator is a man who observes the future, and acts before it occurs.

Don't bottom fish.

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

Successful investing is anticipating the anticipations of others.

Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.

For most people, attaining the intellectual clarity and emotional detachment that investing requires is tough.

In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.

I'll never play for more than I can afford to lose.

The most talented investors are animals solely focused on winning.

Eliminate emotion from your investment program.

I do watch some of my losses, but it just makes me think, 'Well, you know, should have done this; could have done that.' But that's why I don't like watching it. It's a shoulda/coulda/woulda thing.

Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.

Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.

When the time is right, I'll start making investments and try to flip my money.

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.