Top 10 Trading Quotes Every Trader Should Know

Trading can be difficult for beginners. The trader can learn from trading Quotes, and eventually become a successful trader. In this article, we give you the top 10 trading quotes - some from trading legends, some from the successful trader, author, and hedge fund manager.

14 May, 2020, | AtoZ Markets – Trading is not an easy task to do. It is fun and exciting, but sometimes traders feel scared, nervous, or even powerless. It is an essential thing to keep in mind that traders should not panic and give up. Traders should read the trading quote from a successful trader, which will motive them.

However, only trading quotes is not enough for success. It only gives a glimpse into the mindset of successful traders. A trader can learn many things from a successful trader. Many successful traders left their trading insight to follow. So, a trader should practice those insights and combine them to their trading.

Why should traders read and follow the trading quotes? Here are some reasons:

  • Trading quotes can give motivation in a difficult time. Traders need something extra, which can help them to overcome their bad times.
  • Trading quotes can be the backbone of trading strategy. Sometimes simple strategy is the best for trading.
  • Some quotes can help the trader to understand what best for the market.
  • Some quotes help the trader to avoid mistake.

Top 10 Inspirational Trading Quotes from Famous Traders

Trading quotes don't give magical ability to make money in trading. It only helps the trader to understand profitable trading and investment activities. It also provides a vision of how traders should prepare and mental approach in trading.

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Here are Top 10 Trading quotes which will help to become successful traders:

Mark Douglas

 "Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist." – Mark Douglas

Mark Douglas Trading Quotes

Mark Douglas is a trading psychologist. He wrote two well-known books named "Trading in the Zone" and "The Disciplined Trader." Those books help the trader to understand the psychological trading discipline.

No successful trader can win every single trade. If traders accept that, they will be one step ahead to become successful. Most successful traders only win a handful of trades, but they know that in long runs will be profitable.

Bill Lipschutz

 "If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money." – Bill Lipschutz

Bill Lipschutz Trading Quotes

Bill Lipschutz is a successful trader. He is also the co-founder and Director of Hathersage Capital Management.

Patience is one of the most key factors in trading. To become successful, traders should develop patience. However, many traders don't stick to their trading strategy due to a lack of patience.

George Soros

"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." – George Soros

George Soros is an investor and philanthropist. He was able to make a $1 billion profit in 1992 during the UK currency crisis.

He is telling us that it does not matter how many trades you win or lose. The risk and reward ratio is the most crucial fact in trading. It helps traders to improve their trading performance.

Larry Hite

 "Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don't take a hard look at risk, it will take you." – Larry Hite

Larry Hite is a hedge fund manager. He also wrote the book named The Rule. His book achieved the Wall Street Journal, LA Times, and Porchlight Books bestseller award.

If the trader doesn't know the importance of risk management, profitable trading is impossible. Traders need to understand how to manage their risk to become a profitable and professional trader.

Paul Tudor Jones

"The most important rule of trading is to play great defense, not offense." – Paul Tudor Jones

Paul Tudor Jones is a successful trader and hedge fund manager. His net worth is around $3.3 Billion.

Most traders are anxious to execute the trader too soon without proper confirmation. A proper trader plan is necessary before going to execute a trade. Successful traders always follow the rules of their trading plans.

Jesse Livermore

 "Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong." - Jesse Livermore

Jesse Livermore was stock market traders. He made a profit of around $100 million in 1929. He is also known as the Great Bear of Wall St.

Sometimes traders jump to the trade, hoping to gain little more profit without proper market confirmation. It's best to enter a little bit later and gain little profit rather than lose.

Bruce Kovner

 "I know where I'm getting out before I get in." – Bruce Kovner

Stanley Kovner is an investor and hedge fund manager. He is Chairman of CAM Capital. Between 1978 to 1987, he gained a yearly average of 87% profit.

Traders should set their stop-loss before entering into a trade. It is very risky to trade without stop loss. Traders even lose their whole capital if they don't set the stop loss.

Steve Clark

"Do more of what works and less of what doesn't." – Steve Clark

Steve Clark is the founder of Omni Partners. The Company had been profitable for ten years in a row from 2001. He was in the book named Hedge Fund Market Wizards.

Traders should study their wins and losses. That way, they can make a good trading plan which leads to profitable trades. Traders need to figure out what kind of trade they are best in and then focus on making those trades.

Jack Schwager

"There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven't even gotten as far as asking the right question, let alone getting the right answer." – Jack Schwager

Jack Schwager is a trader and author. Schwager wrote several books include Market Wizards, The New Market Wizards, and Stock Market Wizards.

Trading style often connects with the personality of the trader. Traders need to find a trading style that suits their personality. The trader should find the best approach that works with their personalities.

Nicolas Darvas

I believe in analysis and not forecasting." – Nicolas Darvas

Nicolas Darvas was a dancer, investor, and author. He is well known for his book, "How I Made $2 million in the Stock Market.

The analysis is very useful for trading. Many traders trade the market based on their assumptions. There are lots of risks in trading. Only, analyzing the market will help traders to understand the strength of the market trend. So, traders should analyze before placing their trades.


Only trading quotes cannot help the trader if they don't have proper knowledge about the market. There are many ways to gain knowledge. You can read a lot of trading books to gain knowledge. The best way to learn is by experience. Trading quotes only fill a book of the traders. Traders should understand the real meaning of those quotes.

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