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

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.

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

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.

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.

Rising tide lifts all boats over the wall of worry and exposes bears swimming naked.

Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pay it.

Spend each day trying to be a little wiser than you were when you woke up.

A great trader is like a great athlete. You have to have natural skills, but you have to train yourself how to use them.