No one ever said being a trader was going to be easy. Well, okay. Maybe the scammers…
But, whether you’re in the early stages, or barely breaking-even, there will be times when you will ask yourself if this whole trading thing is even worth it.
Instead of giving up and throwing in the proverbial white towel, here are 10 inspirational/motivational quotes — some from trading legends, some from celebrities, entrepreneurs and businessmen.
If only one of them does that, then the post has served its purpose.
1.Warren Buffett, business magnate, investor, CEO and chairman of Berkshire Hathaway.
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
2.Randy McKay, trader.
“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.”
3.Michael Jordan, NBA Hall of Famer.
“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game’s winning shot and missed. I’ve failed over and over and over again in my life and that’s why I succeed.”
4.Victor Sperandeo, trader, index developer, and financial commentator.
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.”
5.Albert Einstein, theoretical physicist, developed the theory of relativity.
“It’s not that I’m so smart; it’s just that I stay with problems longer.”
6.Confucius, teacher, politician, philosopher.
“It does not matter how slowly you go as long as you do not stop.”
7.Biz Stone, entrepreneur, co-founded Twitter.
“Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.”
8.Babe Ruth, professional baseball player.
“It’s hard to beat a person who never gives up.”
9.Seneca, Roman Stoic philosopher.
“Two elements must be rooted out once and for all
The fear of future suffering, and the recollection of past suffering.
Since the latter no longer concerns me, and the former concerns me not yet.”
10.Anthony (Tony) Robbins, author, entrepreneur, and life coach.
“It’s not what we do once in a while that shapes our lives. It’s what we do consistently.”