“Capacity for Prudent Risk-Taking: Successful traders are neither impulsive nor risk-averse. They are not afraid to go after markets aggressively when they perceive opportunity.”

– Brett Steenbarger

“Everyone is wrong in the markets at times. The difference between the great traders and the unsuccessful ones is in how long they stay wrong.”

– Brett Steenbarger

“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading…”

– Victor Sperandeo

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.”

– Sun Tzu

“My lesson from Soros is to start every meeting at my boutique by convincing everyone that we are a bunch of idiots who know nothing and are mistake-prone, but happen to be endowed with the rare privilege of knowing it.”

– Nassim Nicholas Taleb

“I will not allow yesterday’s success to lull me into today’s complacency, for this is the greatest foundation for failure.”

“Managing money is real life, not some bullshit strategist fantasy world.”

– Martin Taylor

“Highly skilled traders will not only liquidate their positions if they believe they made a mistake, but will actually reverse those positions. They can be absolutely convinced the market is going higher one moment and just as convinced it is going lower in the next.”

– Jack D. Schwager

“Don’t be the last bear or last bull standing, let history guide you, be contrary to the crowd, and let the tape tell you when to act.”

– Jeffrey A. Hirsch