So, did you grow as a trader in 2017? Did you achieve your trading goals? How did you overcome your challenges and losses?
Regardless how your 2017 went, 2018 could (and would) be a lot better. All you need to do is kick in some caffeine, learn more, watch the market carefully, and make smart decisions.
Of course, doing these is easier said than done.
So to help you with that, here are 20 inspiring quotes that will make you a better trader in 2018:
“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 cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor Sperandeo
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” – Warren Buffet
“Owning stocks is like having children — don’t get involved with more than you can handle.” – Peter Lynch
“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
“My basic philosophy is: Expose your portfolio to the best stocks that the market has to offer and cut your losses very quickly when you’re wrong. That one sentence essentially describes my strategy.” – Mark Minervini
“Being ignorant is not so much a shame, as being unwilling to learn.” – Benjamin Franklin
“Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson
“To be a super-trader, you’ll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market’s characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.” Ari Kiev
“I always define my risk, and I don’t have to worry about it.” – Tony Saliba
“The policy of being too cautious is the greatest risk of all.” – Jawaharlal Nehru
“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
“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.” – Warren Buffet
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” – George Soros
“Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.” – Michael Steinhardt
“Money is made by sitting, not trading.”—Jesse Livermore
“Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.” – Paul Tudor Jones
“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham
“Investors must keep in mind that there’s a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.” –Richard Thaler
“90 % of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.” –William J.O’Neil
“I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.” – Marty Schwartz