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Trading Quotes

Memorable quotes and wisdom from traders I follow.

Matt's Quotes

  • Nothing goes straight up; nothing goes straight down.
  • Believe your eyes.
  • Charts are not predictive.
  • No need to wear your Nostradamus hat.
  • Stay engaged, keep doing the daily process; at the same time don't rush or give into FOMO.
  • Do you ever notice a sense of urgency in his decision making? Did he ever say, "Buy this now"? Always operate with rationality.
    • If you miss an entry, so be it. You will get an opportunity after a pullback, because nothing goes straight up and nothing goes straight down.
    • Have patience and wait for trades to come to you.
  • From failed moves come fast moves (e.g. if price tries to break all-time highs several times and fails, then we could see a sharp decline).
  • Less is MORE.

Gareth Soloway's Quotes

  • Bears sound smart but bulls make money.
  • The market can stay irrational longer than you can stay solvent.
  • Wait for re-test to the scene of the crime.
  • Maret takes stairs up and elevator down.
  • Fed is your friend. Don't fight the fed.

Peter Lynch

  • "More money has been lost trying to anticipate or call market corrections than actually in the corrections themselves."

Source

Hari Seldon's Quotes

  • When in doubt, zoom out.
  • In highly volatile markets, rely on daily and weekly charts (e.g., 200 day SMA). Intraday signals may fail in these environments.