Trading Success Quotes

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.

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

Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it's the cornerstone of both making a living at trading and building wealth.

The majority of short term trading results are just random. In the long term the money ends up with those that can trade and manage risk.

The markets are always changing, and the successful trader needs to adapt to these changes.

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.

If you don't work very hard, it is extremely unlikely that you will be a good trader.

I thought if we could put our hard-working culture as traders into the asset management, it will be a great combination, and we did do that.

Never ask a trader if he is profitable: you can easily see it in his gesture and gait.