Top Trading Quotes by Legendary Traders and Investors

Throughout the years, leading traders and investors have left us with invaluable pieces of advice, top trading quotes taken from their experience.

These quotes get down to the bare essentials of trading, they are priceless in the simplicity they convey.

Trading Quotes by Warren Buffett

« Risk comes from not knowing what you’re doing »

« It is not necessary to do extraordinary things to get extraordinary results »

« Look at market fluctuations as your friend rather than your enemy »

« You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ »

« Wide diversification is only required when investors do not understand what they are doing »

« It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently »

« The market is a device for transferring money from the impatient to the patient »

« Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble »

« It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age »

Trading Quotes by Mark Douglas

« When you genuinely accept the risks, you will be at peace with any outcome »

Mark Douglas is the author of Trading in the Zone

Trading Quotes by Steve Clark

« Do more of what works and less of what doesn’t »

Trading Quotes by Peter Lynch

« 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 »

« Know what you own, and know why you own it »

« You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets »

« Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed »

« 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 »

Trading Quotes by Bill Lipschutz

« If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money »

Trading Quotes by Jesse Livermore

« There is a time to go long, a time to go short and a time to go fishing »

Trading Quotes by Charlie Munger

« I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think any one book will do it for you »

Trading Quotes by Benjamin Graham

« In the short run, the market is a voting machine, but in the long run it is a weighing machine »

Trading Quotes by Robert Kiyosaki

« It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for »

Trading Quotes by Paul Samuelson

« Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas »

Trading Quotes by George Soros

« Short-term volatility is greatest at turning points and diminishes as a trend becomes established »

« Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected »

« It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong »

« I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes »

Trading Quotes by Brett Steenbarger

« The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behaviour »

Trading Quotes by Larry Connors

« I get real, real concerned when I see trading strategies with too many rules (you should too) »

Trading Quotes by Martin Schwartz

« Learn to take losses. The most important thing in making money is not letting your losses get out of hand »

« I always laugh at people who say, ‘I’ve never met a rich technician.’ I love that! It’s such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician »

« A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around »

« The best advice I can give to the ordinary guy trying to become a better trader is Learn to take losses. The most important thing in making money is not letting your losses get out of hand »

Trading Quotes by Philip Fisher

« The stock market is filled with individuals who know the price of everything, but the value of nothing »

Trading Quotes by Benjamin Franklin

« An investment in knowledge pays the best interest »

Trading Quotes by Ed Seykota

« The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance »

Trading Quotes by Bruce Kovner

« I know where I’m getting out before I get in »

Trading Quotes by William O’Neil

« What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower »

Trading Quotes by John (Jack) Bogle

« If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks »

Trading Quotes by Michael Milken

« My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation »

Trading Quotes by John Maynard Keynes

« Markets can remain irrational longer than you can remain solvent »

« Successful investing is anticipating the anticipations of others »

Trading Quotes by 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… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short »

Trading Quotes by Linda Raschke

« All you need is one pattern to make a living »

Trading Quotes by Martin Zweig

« It’s ok to be wrong; it’s unforgivable to stay wrong »

Trading Quotes by Steve Burns

« There is a huge difference between a good trade and good trading »

Trading Quotes by Van K. Tharp

« A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business »

Trading Quotes by Alexander Elder

« Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets »

Trading Quotes by Michael Marcus

« I think to be in the upper echelon of successful traders requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn »

Trading Quotes by Peter Thiel

« Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows—and thus the company’s value—don’t decrease faster than they anticipate »

Trading Quotes by Jim Rogers

« Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It’s a basic fact of life that many things “everybody knows” turn out to be wrong »

Trading Quotes by Robert J. Shiller

« It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble »

Let me know if there are any quotes you feel should be added to this list