trading mindset Quotes

Everyone has the brain power to make money in stocks. Not everyone has the stomach.

The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

If you personalize losses, you can't trade.

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. There are a lot of shoes on the shelf; wear only the ones that fit. If you're extremely confident, taking a loss doesn't bother you.

The best traders I know are also the most humble people I know, coincidence? Or has the market taught them some very valuable lessons?

Trading gives you an incredibly intense feeling of what life is all about.

A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

I was utterly free of speculative prejudices. The bear side doesn't appeal to me any more than the bull side, or vice versa. My one steadfast prejudice is against being wrong.