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7 Superb Quotes to Bring Out the Champion Stock Trader Inside You

On many levels, stock trading is all about being positive – positive about the market and your own strategies. Sadly, even with this being an important key for success, many new traders not only are devoid of it but they also completely overlook this aspect.

Sitting on the edge of their seats, sweating, watching news, panicking on market’s every move – many treat stock trading as a gamble. And needless to say, majority of these individuals fail to create a high – rewarding and sustainable stock portfolio.

They are never optimistic.

Are you?

Bookmark this page because you’re going to need it through your long and uncertain stock trading journey. Here are 7 insightful quotes to groom you into an optimist trader:

    1. “I got to do what I like to do every single day of the year.” – Warren Buffet
      If you’re serious about making money from trading, it should never be qualified as something part – time. The path ahead is long. Not only you must be serious but also love what you’re doing.
    2. “Patience is also a form of action.” –  Auguste Rodin
      Patience is an crucial to become a successful trader. You must have a data-driven strategy and then the patience to let the market take shape in accordance to your expectations.
      Read: Patience – The Biggest Asset of Successful Traders
    3. “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.” – Marty Schwartz
      Acting emotionally is one the biggest mistakes of traders. You must known to stop loss, sell and move ahead. Never sink with the ship.
    4. “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” – Peter Lynch
      Regardless the amount of time and energy you put into developing a strategy, you can never have it perfect. There will be loopholes that can only be fixed over the course when the strategy is in effect.
    5. “I always define my risk, and I don’t have to worry about it.” – Tony Saliba
      Take any successful trader for example and they all have well-defined risk management strategy. They know how to counter losses the right way.
      Read: 5 Risk Management Tips for New Stock Traders
    6. “The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.” – Ed Seykota
      So you might have heard countless argument against it by “experts” but, even decades after, price action analysis remains untouchable and single most important ingredient in trading success.
      Read: 6 Myths about Technical Analysis Busted
    7. “If you want to have a better performance than the crowd, you must do things differently from the crowd.” – Sir John Templeton 
      Follow the tips and general rules but never try to copy the whole case study that of successful traders. You’re different from them! Map your own distinct strategies that match your individual needs, requirements, preferences and risk consuming ability.

    These are 7 inspiring and insightful quotes from successful traders themselves to guide the new market players to trade efficiently and earn better. Good luck!

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