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FM’s Top Trading Expressions and Quotes

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Ahhh… Trading expressions and quotes. You’ve got to love them. Those bit-sized pieces
of advice from the gnarled, grizzled veterans of the industry.

In all seriousness, though, they’re fun, they’re always worth a laugh,
some are worth pondering, but most offer something to take away and consider.

Whether they’re clichés, truisms, bland, banal, useless or worth your
time, we’re sure that you’ve many of them before, probably when you were still
clinging to your mother’s apron strings as you began your forex journey.

In any case, enjoy!

“Most traders take a good system and destroy it by trying to make it
into a perfect system.” – Robert Prechter

“Sheer will and determination is no substitute for something that
actually works.” – Jason Klatt

“Risk comes from not knowing what you’re doing.” – Warren Buffett
– Plan and plan again, and understand what you’re doing.

Confidence

“Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will
be fine if I don’t profit from this trade.” – Yvan Byeajee

Pragmatism

“Are you willing to lose money on a trade? If not, then don’t take it.
You can only win if you’re not afraid to lose. And you can only do that if you
truly accept the risks in front of you.” – Sami Abusaad

“I have two basic rules about winning in trading as well as in life: 1.
If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.”
– Larry Hite

“It’s not whether you’re right or wrong that’s important, it’s how much
money you make when you’re right and how much you lose when you’re wrong”.
– George Soros

“Losers average losers.” – Paul Tudor Jones. PTJ is telling us to never
add to a losing position. If you’re not comfortable, don’t throw good money
after bad. It’s similar to “Don’t double up a losing position”.

“Don’t marry a position.” – Anon. Easy. Be willing to move if something’s
going wrong.

Patience

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

“Dangers of watching every tick are twofold: overtrading and increased
chances of prematurely liquidating good positions.” – Jack Schwagger

“Buy the rumor, sell the fact.” – Anon. This one is the opposite of
cautioning patience, it’s advising that you move on the rumor of news to come. We’d
suggest that you do everything you can to confirm it.

Knowledge

“I know where I’m getting out before I get in.” – Bruce Kovner

“It’s ok to be wrong; it’s unforgivable to stay wrong.” – Martin Zweig

Getting Out

“Let your profits run, but cut your losses short.” – Anon.

“Don’t let a winning position turn into a losing one.” – Anon. This
means when things begin to turn, don’t hang around unless you’re supremely
confident.

Clichés

Cliches are clichés, because they’re very often true…

“Markets can remain irrational longer than you can remain solvent.”
-John Maynard Keynes

“The trend is your friend.” – Anon.

“Buy low, sell high.” – Anon. Easier said than done.

“Markets go up the stairs and down the elevator.” – Anon. Markets are
often slow to go up, but they can come down fast.

“Don’t bet your house.” – Anon. This one’s, pardon the pun, as old as
houses, but still true.

“All news is old news.” – Anon. The idea that market’s already moved by
the time you get the news, whatever it was.

And we’ll leave the last one to a scientist, a biologist.

“It is not the strongest or the most intelligent who will survive but
those who can best manage change.” – Charles Darwin

The man behind the Theory of Evolution isn’t wrong. That’s a mantra to
live by.

So there we have it, a collection of the best, worst, most useful,
pointless and banal expressions and quotes tied to trading, forex, investments, finance and money.
We hope you enjoyed this little excursion.

If our collection of trading expressions and quotes has you inspired and you’re looking for more words of wisdom, check out our YouTube
channel for in-depth interviews. If you’re in the mood for something a little
more lighthearted, check out our most
hated office jargon
, and our guide to understanding
Gen Z
… At least you can now annoy them with endless quotes and clichés just as they bore you with endless chat of Artificial Intelligence (AI ).

Ahhh… Trading expressions and quotes. You’ve got to love them. Those bit-sized pieces
of advice from the gnarled, grizzled veterans of the industry.

In all seriousness, though, they’re fun, they’re always worth a laugh,
some are worth pondering, but most offer something to take away and consider.

Whether they’re clichés, truisms, bland, banal, useless or worth your
time, we’re sure that you’ve many of them before, probably when you were still
clinging to your mother’s apron strings as you began your forex journey.

In any case, enjoy!

“Most traders take a good system and destroy it by trying to make it
into a perfect system.” – Robert Prechter

“Sheer will and determination is no substitute for something that
actually works.” – Jason Klatt

“Risk comes from not knowing what you’re doing.” – Warren Buffett
– Plan and plan again, and understand what you’re doing.

Confidence

“Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will
be fine if I don’t profit from this trade.” – Yvan Byeajee

Pragmatism

“Are you willing to lose money on a trade? If not, then don’t take it.
You can only win if you’re not afraid to lose. And you can only do that if you
truly accept the risks in front of you.” – Sami Abusaad

“I have two basic rules about winning in trading as well as in life: 1.
If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.”
– Larry Hite

“It’s not whether you’re right or wrong that’s important, it’s how much
money you make when you’re right and how much you lose when you’re wrong”.
– George Soros

“Losers average losers.” – Paul Tudor Jones. PTJ is telling us to never
add to a losing position. If you’re not comfortable, don’t throw good money
after bad. It’s similar to “Don’t double up a losing position”.

“Don’t marry a position.” – Anon. Easy. Be willing to move if something’s
going wrong.

Patience

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

“Dangers of watching every tick are twofold: overtrading and increased
chances of prematurely liquidating good positions.” – Jack Schwagger

“Buy the rumor, sell the fact.” – Anon. This one is the opposite of
cautioning patience, it’s advising that you move on the rumor of news to come. We’d
suggest that you do everything you can to confirm it.

Knowledge

“I know where I’m getting out before I get in.” – Bruce Kovner

“It’s ok to be wrong; it’s unforgivable to stay wrong.” – Martin Zweig

Getting Out

“Let your profits run, but cut your losses short.” – Anon.

“Don’t let a winning position turn into a losing one.” – Anon. This
means when things begin to turn, don’t hang around unless you’re supremely
confident.

Clichés

Cliches are clichés, because they’re very often true…

“Markets can remain irrational longer than you can remain solvent.”
-John Maynard Keynes

“The trend is your friend.” – Anon.

“Buy low, sell high.” – Anon. Easier said than done.

“Markets go up the stairs and down the elevator.” – Anon. Markets are
often slow to go up, but they can come down fast.

“Don’t bet your house.” – Anon. This one’s, pardon the pun, as old as
houses, but still true.

“All news is old news.” – Anon. The idea that market’s already moved by
the time you get the news, whatever it was.

And we’ll leave the last one to a scientist, a biologist.

“It is not the strongest or the most intelligent who will survive but
those who can best manage change.” – Charles Darwin

The man behind the Theory of Evolution isn’t wrong. That’s a mantra to
live by.

So there we have it, a collection of the best, worst, most useful,
pointless and banal expressions and quotes tied to trading, forex, investments, finance and money.
We hope you enjoyed this little excursion.

If our collection of trading expressions and quotes has you inspired and you’re looking for more words of wisdom, check out our YouTube
channel for in-depth interviews. If you’re in the mood for something a little
more lighthearted, check out our most
hated office jargon
, and our guide to understanding
Gen Z
… At least you can now annoy them with endless quotes and clichés just as they bore you with endless chat of Artificial Intelligence (AI ).

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