The expectation that you bring with you in trading is often the greatest obstacle you will encounter.

If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.

All the math you need in the stock market you get in the fourth grade.

Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.

I believe in analysis and not forecasting.

Learn to take losses. The most important thing in making money is not letting your losses get out of hand.

In trading/investing, it’s not about how much you make but rather how much you don’t lose.

I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes.

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

The fundamental law of investing is the uncertainty of the future.

There is a huge difference between a good trade and good trading.

In trading, everything works sometimes and nothing works always.

Time is your friend; impulse is your money.

The goal of a successful trader is to make the best trades. Money is secondary.

Trading is very competitive and you have to be able to handle getting your butt kicked.

It’s not that I’m so smart; it’s just that I stay with problems longer.

You can lose your opinion of you can lose your money.

You’re going to learn a million things, then you need to forget them all and focus on one.

The trend is your friend – until it stabs you in the back with a chopstick.