Emotional Trading Quotes

If you personalize losses, you can't trade.

Never buy a stock because it has gone up or sell one because it has gone down.

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.

Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.

I can't stand to see red in my profit-or-loss column. I'm Taurus the bull, so I react to red. If I see it, I sell my stocks quickly.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.

Much of our trading comes down to a battle between our patience and our impulses.

The markets are moved by animal spirits, and not by reason.

Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

It is harder to cut our gains than to cut our losses.

Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.

Too many people are apt to redeem their profits too quickly. In a huge bull market they wind up with piddling profits, only to watch their former holdings soar. That usually prompts them into making mistakes later when, believing that the market owes them some money, they buy at the wrong time at much higher levels.

Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.

The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.

I love the competitive part of stocks. A lot of fear and greed, that's all it is. All I see is green and red.

One of the reasons so many people get burned in the market is because they start buying as they see prices going up.