Trading Psychology Quotes

“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee, Paradigm Shift: How to cultivate equanimity in the face of market uncertainty

“The combination of our natural desire to be better than our peers, our faulty assumption of dodging risk, and our flawed belief of having better chances than others, pushes us into excessive greed territory. We take more significant and sometimes fatal risks.”
― Naved Abdali

“Having access to better information is not synonymous with better decisions.”
― Naved Abdali

“This tendency of overconfidence and poor outcomes is not confined to only retail investors. Institutional investors suffer from overconfidence equally if not more, and their investment results are not superior either.”
― Naved Abdali

“Identical information can lead to opposite conclusions based on relative perceptions of its receivers.”
― Naved Abdali

“Humans are not machines. They analyze information through the lenses of their experience, knowledge, and cognitive biases. All of it makes their perception, their
unique viewpoint.”
― Naved Abdali

“Generally, a cheap stock is cheap for a reason. If you don’t know the reason, you will be better off investing your capital elsewhere.”
― Naved Abdali

“A trader needs to be highly skilled and extremely lucky to beat the market consistently. If a trader is highly skilled but not lucky enough or extremely lucky but modestly skilled, he will beat the market occasionally but not consistently. Traders that are modestly skilled and modestly lucky will briefly beat the market but will be behind the market most of the time. Everybody else will lose money on a long-term basis, that is, 90% of the traders.”
― Naved Abdali

“Trading is buying and selling to exploit a change in the price. Investing is acquiring assets for economic reasons.”
― Naved Abdali

“The outcome of an investment does not make it right or wrong.”
― Naved Abdali

“Investors need to keep their emotions in check for a successful investment career. It is the most important requirement. It’s even more critical than having access to capital and markets.”
― Naved Abdali

“If your plan is to sell your holdings to another person at a higher price, then it is not an investment. It is gambling on finding a bigger idiot. What if the biggest idiot that can be
found is you?”
― Naved Abdali

“Once you have a plan, always invest within the boundaries and parameters of your plan. Never bend your rules to accommodate your guts.”
― Naved Abdali

“Never bend your rules to accommodate your guts.”
― Naved Abdali

“Greed and fear are both good and healthy for an investor and capital markets as a whole. Emotions are like fire, beneficial if controlled, destructive if wild.”
― Naved Abdali

“Greed and fear are in our DNA. We can’t get rid of them, but we can learn how to keep them in check.”
― Naved Abdali

“Be realistic about potential market returns, and be aware of possible risks.”
― Naved Abdali

“Have a plan. In writing.”
― Naved Abdali

“The more investors do active trading, the more it makes sense to do passive investing.”
― Naved Abdali

“If a strategy is widely available for free or is offered on a small payment can never work. A secret is not a secret if a YouTube commercial offers it for a small payment of a hundred dollars.”
― Naved Abdali

“All technical indicators generate accurate signals along with a lot of false ones.”
― Naved Abdali

“When the crypto market is dumping, but you refuse to sell anything - you are at this period a legend!”
― Olawale Daniel

“Your hardest times In Trading often lead to the greatest moments of your life. Keep going. Tough Trading time build strong Traders in the end”
― Jayesh Thakkar

“In the bull season, you trade attention, not the fundamentals. Attention equals liquidity and it is your duty to follow the money.”
― Olawale Daniel

“In Trading, Every Setback is a Setup for a Comeback.”
― Zalman Sulaymanov, How To Suck Less At Day Trading: The Ultimate No-Nonsense Guide For Retail Traders on Getting A Reach Around From The Markets

“Perspective is everything in crypto. Sometimes, the only difference between despair and opportunity is the angle you’re looking from. Welcome to Inverse Alt Season.”
― Olawale Daniel, Mastering the Crypto World: Understanding and Trading Cryptocurrencies for Profits

“Market bleeding? No worries—just turn the charts upside down. Boom—instant bull run.”
― Olawale Daniel, Mastering the Crypto World: Understanding and Trading Cryptocurrencies for Profits

“If things don't change, they will stay the same.”
― Lewis Daniels, Master The Art of Trading: An Indispensable Guide to Investing

“Trading is 10% strategy and 90% psychology. You can have the perfect system, but without the right mindset, it's worthless.”
― Igor Arapov

“Your first job as a trader is not to make money.

Your first job is to protect your capital.

Because if you protect your capital, you will always have another opportunity to trade.

But if you lose your capital, the market will continue without you.”
― SM ABBAS RIZVI, Zero To Trader: A Complete Beginner’s Guide to Profitable Trading | A Practical Step-by-Step Guide to Master Trading Basics, Candlestick Patterns, ... & Discipline — From Zero to Confident Trader