Trading Quotes

"Markets need a fresh supply of losers just as builders of the ancient pyramids in Egypt needed a fresh supply of slaves. Losers bring money into the markets, which is necessary for the prosperity of the trading industry."

"There are thousands of analyst, some of whom are certain to be on a hot streak at any given time. Most analyst become hot at some point in their careers for the same reason a broken clock shows the right time twice a day."

"When you trade, you compete against the sharpest minds in the world. The field on which you compete has been slanted to ensure your failure."

"The market is emotionless. It does not know you exist. You can do nothing to influence it. You can only control your emotions and behaviors."

"Price is what the next greater fool is willing to pay."