Here are some motivational quotes for traders and investors from Warren Buffett
“Successful investing takes time, discipline, and patience”.
No matter much ability, talent, or effort someone makes without patience all is wasted. In other words, don’t expect results overnight.
“Successful investing takes time, discipline, and patience”
“Invest in yourself as much as you can; you are your own biggest asset by far. Anything that you can do which improves your skills, whether it be education or specific training is the best investment you can make”.
The reason being that your skills are your assets, they cannot be booked, taxed or stolen, or separated from you. Your skills go wherever you decide to go.
Being a contrarian is also on the list of quotes for traders
“I’ll tell you how to become rich: close all doors, beware when others are greedy and be greedy when others are afraid”.
In other words, the key to investing is to buy while prices are low and sell when prices are high. Close all doors means be wary about what you read and take analysts’ advice with a pinch of salt. Do your research.
“Invest in yourself as much as you can; you are your own biggest asset by far”
Another one of the quotes for traders we like is about making the most of a good situation or good conditions
“When it’s raining gold, reach for a bucket, not a thimble”
Warren Buffett likes buying quality stocks at bottom prices, and he always explains that the price you pay for a stock isn’t the same as the value you get.
So here are another one of his quotes for traders;
“It’s much better to buy a wonderful company at a fair price than a suitable company at a wonderful price”.
“The market is a device for transferring money from the impatient to the patient” – Warren Buffett
In other words, aim to buy value at a bottom price. Warren Buffett explains that the price you pay for a stock isn’t the same as the value you get.
Here is another one of Warren Buffett’s many quotes for traders about the importance of being patient
“The market is a device for transferring money from the impatient to the patient”.
Perhaps the most reliable quote for traders of forex is this one, “Trade What’s Happening… Not What You Think Is Gonna Happen” – Doug Gregory.
There are also many quotes for traders who find themselves in a hopeless trading position, which is something you will experience if you play the game long enough.
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out”. – Randy McKay
The quote from George Soros’s famous speculator is one of the many quotes for traders worth citing
“I am only rich because I know when I am wrong” said George Soros.
In other words, cut your losses particularly if you believe the fundamentals are against you.