Today we’re looking at some of the best trading courses.
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There is a saying that a picture is worth a thousand words.
If that’s true, quotes tell a thousand experiences.
There are many valuable trading quotes online.
This list could easily have 50 entries, but I’ve narrowed it down to ten of my favorite quotes.
Greetings to Agustin Lebron for many of his ideas.
Some of these quotes come straight from his book “The laws of commerce“Which is highly recommended.
1. “Only take the risks for which you are paid and cover the others”
In order to generate returns in the market, you have to take risks.
Not all risks are adequately compensated.
If you are not compensated for additional risk in your portfolio, simply do not take it.
Protect your risk or choose something less volatile.
Source: Commercial Laws
2. “Do you know who is having lunch, otherwise you might bite into a rock”
For every buyer there is a seller.
This is important as you are trading with the opposing opinion of the person on the other side of your trade.
Understanding their rationale for a trade is just as important as understanding your own.
There is no free lunch on the stock exchange, anyone who thinks differently will be surprised.
3. “Just because nothing has ever happened doesn’t mean it can’t”
It is useful to use past prices and events to understand normal distributions.
Even so, there must always be an understanding that things will happen outside of what happened in the past.
While it can sometimes be impossible to adequately prepare for a specific unforeseen event, general preparation for extreme events will help you survive those unexpected storms.
Some of the major unforeseen events of 2020/2021: COVID Crash, Negative Oil, Meme Stock Bubble.
4. “The market can remain irrational longer than you can remain solvent”
The most dangerous business are the ones who become more attractive when they move against you.
These become alluring as the market becomes more and more irrational.
It also makes it extremely difficult Reduce losses when you need it most.
This is because at some point you will likely be right and the asset will reach its fair value.
In the meantime, it can easily get you out of your trading at the worst possible moment.
Understand when logic doesn’t matter and cut off the position before a headache turns into a migraine.
Best of Options Trading IQ
5. “It is okay to be wrong; It is unforgivable to be wrong “
Traders will always lose.
Get used to it.
Without being honest with yourself and admitting that you were wrong, you will never learn.
Those who remain malicious and are married to wrong ideas will only harm themselves in the long run.
In contrast, people who make mistakes frequently but learn from them will be incredibly successful over time.
6. “Sheer will and determination are no substitute for something that actually works.”
Sometimes we rely on hope and willpower to trade.
However, a stock price doesn’t depend on your determination.
Act what works. Be mechanical when you are right or wrong and let the emotion out of the trade.
7. “Just come, just go”
In the market, the fastest way to make money is to act against irrational greed.
The Bigger Fool Theory is the easiest way to make money in the markets.
It’s also the easiest way to lose it.
If you trade this way, you won’t end up with the bag of tulips.
8. “If you can’t explain your Edge in 5 minutes, you don’t have a very good one”
Sometimes people complicate ideas with fancy jargon and messy ideas.
Ironically, most of the best trading ideas are very easily.
For example, an HFT market maker has incredibly diverse and complex strategies, but their advantage is simple.
They make liquidity available to those who want it now and try to get a fraction of it Bid-ask spread with every trade.
On the other hand, if you have no idea why the asset you are trading should be valued, then neither should you trade.
Source: The Laws of Commerce
9. “Everything in life is a trade”
Everything in life is a compromise. Should I get insurance for my home?
Should I take my crazy aunt out to dinner?
Everything is an exchange.
This can be traditional money trading, but also time, social loans and personal benefits.
It is important to understand the tradeoffs in your personal everyday life.
It also provides a strong mindset to understand how to trade on the stock market.
10. “Market gives, market takes”
The stock market has given tremendous amounts of fortune to some of the best minds while evaporating the same fortune.
All with a single click of a button.
Even after you’ve done all of your research, sometimes you can lose.
Understand and respect the organism that is the market. Never underestimate it.
Hope you enjoyed ten of the best trading quotes out there.
The amazing thing about quotes is that once you find the ones that matter to you, they can provide a quick perspective that can change bad habits, motivate, and provide clarity when we need it most.
Trading in the financial markets is not easy.
There is a lot of competition from a lot of smart people. Even so, with a strong set of rules, guidelines, and morals, success is just around the corner.
Disclaimer: The information above is for For educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are unfamiliar with exchange-traded options. All readers interested in this strategy should do their own research and seek advice from a licensed financial advisor.
Disclosure for Amazon Partners
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