# 50 of the Top Trading Quotes Ever

![rw-book-cover](https://readwise-assets.s3.amazonaws.com/static/images/article0.00998d930354.png)

## Metadata
- Author: [[Steve Burns]]
- Full Title: 50 of the Top Trading Quotes Ever
- Category: #articles
- URL: https://www.newtraderu.com/2016/10/18/50-top-trading-quotes-ever/

## Highlights
- it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! I
- Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.
- “Everyday I assume every position I have is wrong.”
- 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.”
- “Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota
- “Take your profits or someone else will take them for you.” – J.J. Evans
- “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
- “Never let a win go to your head, or a loss to your heart.” – Chuck D.
- “Only The Game , Can Teach You The Game” – Jesse Livermore
- “Trade the market in front of you, not the one you want!” – Scott Redler
- “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
- “In trading the impossible happens about twice a year.” – Henri M Simoes
- “The trend is your friend – until it stabs you in the back with a chopstick.”
- “He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
- You have to be willing to make mistakes regularly; there is nothing wrong with it
- Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money
- “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
- “All you need is one pattern to make a living.”
- “All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
- “5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of time and still not lose.” – Paul Tudor Jones
- “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
- “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
- “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
- In trading, everything works sometimes and nothing works always.”
- “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
- “Sometimes the best trade is no trade.” –
- “Hope is bogus emotion that only costs you money.
- “One day does not make a trend.” – Anonymous
- “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
- “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager (paraphrase)
- “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
- “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
- “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
# 50 of the Top Trading Quotes Ever

![rw-book-cover](https://readwise-assets.s3.amazonaws.com/static/images/article0.00998d930354.png)

## Metadata
- Author: [[Steve Burns]]
- Full Title: 50 of the Top Trading Quotes Ever
- Category: #articles
- URL: https://www.newtraderu.com/2016/10/18/50-top-trading-quotes-ever/

## Highlights
- it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! I
- Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.
- “Everyday I assume every position I have is wrong.”
- 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.”
- “Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota
- “Take your profits or someone else will take them for you.” – J.J. Evans
- “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
- “Never let a win go to your head, or a loss to your heart.” – Chuck D.
- “Only The Game , Can Teach You The Game” – Jesse Livermore
- “Trade the market in front of you, not the one you want!” – Scott Redler
- “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
- “In trading the impossible happens about twice a year.” – Henri M Simoes
- “The trend is your friend – until it stabs you in the back with a chopstick.”
- “He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
- You have to be willing to make mistakes regularly; there is nothing wrong with it
- Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money
- “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
- “All you need is one pattern to make a living.”
- “All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
- “5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of time and still not lose.” – Paul Tudor Jones
- “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
- “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
- “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
- In trading, everything works sometimes and nothing works always.”
- “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
- “Sometimes the best trade is no trade.” –
- “Hope is bogus emotion that only costs you money.
- “One day does not make a trend.” – Anonymous
- “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
- “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager (paraphrase)
- “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
- “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
- “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis