Compiling a bunch of quotes I love about day trading. Every time I come across a good one, I’ll add it to this list.
I look through this list all the time to remind myself of what I should do in order to be a successful full-time day trader.
A great #trader:
— Julian Komar (@BlogJulianKomar) February 5, 2022
– Wait patiently for trades
– Does his homework every day
– Trades only when he has an edge
– Adjusts to market conditions
– Manage risk
– Plans his trades before
– Works on his mindset
– Has realistic expectations
– Is process orientated
What else?
"The trend is your friend except at the end when it bends."
— Julian Komar (@BlogJulianKomar) February 2, 2022
Ed Seykota
"Your job as a trader is to wait for the best opportunities. Money is made stalking and sitting not being active & forcing a new trade each day."
— Julian Komar (@BlogJulianKomar) February 2, 2022
Dan Zanger
If you cannot accept to lose in #trading, you will never make big money. Losing is essential to win. Losing is the costs to test a hypothesis. Without testing you will never find a big winner.
— Julian Komar (@BlogJulianKomar) January 30, 2022
“Markets are never wrong – opinions often are.” Jesse Livermore.
— Julian Komar (@BlogJulianKomar) January 29, 2022
Great #quote from @theRealKiyosaki pic.twitter.com/f5JFrY8Mnm
— Julian Komar (@BlogJulianKomar) January 26, 2022
"Trading journey: First, you lose money. Then you learn how not to lose money. Then you make money." @johnfcarter
— Julian Komar (@BlogJulianKomar) January 25, 2022
It's better to under-trade than over-trader! Be aware of risk and keep risk under control. You goal must be to trade the next 20 years, not 20 days.
— Julian Komar (@BlogJulianKomar) January 25, 2022
"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead."
— Julian Komar (@BlogJulianKomar) January 19, 2022
Paul Tudor Jones
"The difference between interest and commitment is the will not to give up. When you truly commit to something, you have no alternative but success."
— Mark Minervini Quotes (@MinerviniQuote) February 2, 2022
To win you have to stay in the game long enough to last.
— The Divergent Trader (@TraderDivergent) February 5, 2022
Be smart, manage risk!
Shortcut to success?
— The Divergent Trader (@TraderDivergent) February 4, 2022
1. Find a trading edge.
2. Trade it for 100000 trades
Confidence in trading isn’t “I know I'm going to win this trade”
— The Divergent Trader (@TraderDivergent) February 3, 2022
It's “I know I'm going to be okay if I don’t”.
Never let a win go to your head.
— The Divergent Trader (@TraderDivergent) February 2, 2022
Never let a loss get to your heart.
Trading is not about being right or wrong on 1 trade.
— The Divergent Trader (@TraderDivergent) January 29, 2022
It's about winning more than you lose over 1000's trades.
Traders should arrive at a point where:
— The Perceptive Trader (@PerceptivTrader) February 6, 2022
A win gives them the same feelings of a loss because the confidence is in their edge, not in the result of the trade.
Trading is offense and defense.
— MoneyTradeEdge | Better Thinking Better Trading (@MoneyTradeEdge) January 26, 2022
Offense is making money.
Defense is keeping money.
Unfortunately, 90% of traders don't know how to play defense.
“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.” William J. O'Neil
— Julian Komar (@BlogJulianKomar) January 13, 2022
Avoiding big draw downs at all costs is important because
— Julian Komar (@BlogJulianKomar) January 14, 2022
10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires 100% gain
90% loss requires 900% gain
to get back to break-even.
Managing the down side is much more important than managing the upside!
“Being poor is not having too little, it is wanting more.” Seneca
— Ryan Holiday (@RyanHoliday) January 7, 2022
Getting addicted to the process is the fastest way to become a successful trader.
— The Divergent Trader (@TraderDivergent) February 7, 2022
It’s all process
— Full Time Trading (@tradefulltime) February 7, 2022
Stop focusing on money
Start focusing on executing a FLAWLESS business plan
Watch how everything changes
Money will take care of itself if you stop worrying so much about it
FinTwit red flags🚩:
— FSTrades (@FSTrades) February 9, 2022
-No losses, only gains
-Quiet on wrong trades
-Excessive hype
-Can’t/doesn’t chart
-When wrong blames shorts, manipulation, MMs
-Doesn’t preach risk mgt at all
-No mentions of stops/loss cuts
-Avgs down nonstop
Don’t blame others if you can’t spot red flags
When you're in a nice trade, great entry, solid plan, well thought out target and you're getting that itch to tap out early, remember what the old man told me on the NYMEX floor 'Hey kid, if you want to take the train to California, you don't get off in Chicago'
— James Jude (@Jimmyjude13) February 10, 2022
Trading success = Edge + Probability + Risk management
— MoneyTradeEdge | Better Thinking Better Trading (@MoneyTradeEdge) February 15, 2022
A confident trader with a normal system will always beat a fearful trader with a great system.
— MoneyTradeEdge | Better Thinking Better Trading (@MoneyTradeEdge) February 17, 2022
Trading success is 99% execution.
Ten lessons from my book “The Ultimate Guide to Chart Patterns”
— Steve Burns (@SJosephBurns) March 4, 2022
A thread 🧵 pic.twitter.com/V0unbFsKqS
If you’re trading is becoming boring, you’re probably trading well.
— Sara | The Perceptive Trader (@PerceptivTrader) July 2, 2022
Professional loss taker.
— Trading Composure (@TradingComposur) July 7, 2022
I like that a lot.
That's what good traders are—professional loss takers.
And that's why they win.
Surely sounds contradictory, but it's not when you understand the why. https://t.co/j0U1HLCX9b
I Don't Have A Course To Sell 