A Successful trading career is what most trader's dream of today. Every single trader gets into long or short positions with uncertainty but the hope to be successful at some point remains strong within them as trading requires the will to survive and succeed. Top traders on Wall Street have once been in your shoes and got through the same with relentless grit and determination. During the worst times of your career, all you need is a little push and motivation from people who have revolutionized the trading industry.
Here are some of the best stock trading quotes which could help you get back on your feet.
Victor Sperandeo
The key to trading success is emotional discipline. If Intelligence were the key, there would be a lot more people making money trading
Emotional discipline is nothing but the art of controlling your thoughts and actions without letting them overpower you. This is considered to be a key factor in trading as emotional decisions could be fatal. Also remember an emotionally disciplined trader could surpass the need for high intelligence and be successful.
Paul Tudor Jones
Don't focus on making money; focus on protecting what you have
Play the safe game if you really want to become a successful trader sooner or later. When you start to focus (greedy to be more precise) on making money, chances are high you lose more money. Money can be made all round the year but if you lose your investment and if your account balance hits the rock bottom, your trading career may no longer exist. Risk management and trading in smaller volumes could help you in protecting your investment.
Ed Seykota
The elements of good trading are 1.Cutting losses, 2.Cutting losses, 3.Cutting losses. If you can follow these three rules, you may have a chance.
When you start to cut down your losses effectively, you can assure yourself that you will remain active in the market for ages. A good trader will always look out for possible ways to cut down losses.
Marty Schwartz
Learn to take losses. The most important thing in making money is not letting your losses get out of hand
It's okay to face losses but when it starts to get out of your hands that is where the real trouble starts. So it is wise to manage and keep everything under control.
John Paulson
No one strategy is correct all the time
The market is a place where one could see diverse price fluctuations. The trends differ often and people adopt different strategies just to withstand the wrath of the market. Embracing different strategies could prevent losses and help in facing the volatile market.
Richard Dennis
When things aren't going right, don't push, and don't press
When past trading sessions and the results aren't as expected and you are mentally stressed, then it's time to take a break from your trading routine. Indulge yourself in other activities which suits your interest and resume trading once you are stable. The interval duration may differ from each individual, for some it may be days and for some it may be weeks.
Alexander Elder
The goal of a successful trader is to make the best trades. Money is secondary
Traders often tend to change their passion for their glory. The passion and the spirit to make the best trades will automatically help you gain profits. But remember, the focus should never be on money. So, be patient and plan your strategies to become the best trader and everything else will catch up to you in due course of time.
