“I think the difference between those who succeed and those that fail is how they think about the market. Everyone is bombarded every day with price movements, explanations for those price movements, macro events and lots of other information. You need a methodology to cut through all that information and see things as they are.”

– Joel Greenblatt

“A market is the combined behavior of thousands of people reponding to information, misinformation and whim.”

– Kenneth Chang

“While the commonality of human nature provides elements of consistency in market behavior across time, markets also change, and successful traders adapt to that change.”

– Jack D. Schwager

“I think the two biggest mistakes traders make is that they don’t do enough homework and they are a bit too causal about risk.”

– Michael Platt

“I met a number of great people and learned that none of them were born great … they all made lots of mistakes and had lots of weaknesses … great people become great by looking at their mistakes and weaknesses and figuring out how to get around them.”

– Ray Dalio

“To aggressively pursue opportunity and equally aggressively refrain from risk when opportunity is not present requires a highly developed Will. We train ourselves for our careers, and we train ourselves physically. Rarely, however, do we train the Will and cultivate our capacity to act with purpose and intent. Many a wise mentor has advised new traders to “trade well and the money will come.” Without a developed Will, however, there can be no consistent discipline or learning curve. The capacity to sustain directed, productive effort underlies all greatness; our being is a reflection of our doing.”

– Brett Steenbarger

“We keep our cool when others don’t. The point is, market adapt. People adapt. Don’t listen to all the crap out there.”

– David Tepper

“There is nothing to fear from truth. Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.”

– Ray Dalio

“Nearly all the successful traders I have known are one-trick ponies. They do one thing, and they do it very well. When they stray from that single focus, it often ends in disaster.”

– Steve Clark