There is no lie; trading is quite hard to crack, requiring your wits for it to be a profitable venture. It is not a get-rich-quick scheme as many would want it to look like.
Seeing how challenging it is, you need a ton of motivation to keep you going. While the idea of profits is enough morale for many, at times, it does not work, especially if you have many losses in your portfolio. In this case, you have to look at top traders to get a push from your comfort zone.
Below are quotes from top investors that will get you by in the financial markets.
1. Thriving Investors Don’t Play It Safe- Robert G. Allen
Robert G. Allen is a top investor and advisor with several books under his name. Presently, he has a net worth of around $16 million, showing you he walks the talk about investing.
His quote shows you the essence of risk in trading. If you are a trader, you need to have a shark or hunter mentality. This means that you always go for the kill, in this case, being profits. If you are afraid of risk and want to play safe, you will hardly strike a meaningful profit.
2. An Investment In Knowledge Pays The Best Interest- Benjamin Franklin
This quote comes from one of America’s founding fathers, a scientist, and political philosopher. This quote is an excellent guide for you if you are a beginner. Trading is quite vast, with new things to learn each day.
Try and acquire more knowledge on trading for a smooth investment session. Some of the resources to use are webinars, online tutorials, and even trading conferences.
3. Do Your Homework- Peter Lynch
This is a quote that you know holds water if you are an investor. It means you have to do some research on the market you want to enter. For instance, if you’re going to buy stocks from company X, do a company background study. It will give you a hint of your projected earnings if everything goes well.
The quote comes from Peter Lynch, an investor with vast experience in the financial markets. He also has plenty of books under his name touching on various investment topics.
4. It’s Not Whether You’re Right Or Wrong That’s Important, But How Much Money You Make When You’re Right And How Much You Lose When You’re Wrong–George Soros
When investing, you have to weigh your profits against your losses to develop a viable strategy. George Soros, a billionaire investor, shows you the strategizing aspect of the financial markets with his quote.
With a proper strategy, you will profit from the market, be it in a bull or bear run.
5. A Lot Of People With High IQs Are Terrible Investors Because They’ve Got Terrible Temperaments. You Need To Keep Raw, Irrational Emotion Under Control- Charlie Munger
A mistake most investors make is letting their emotions take control over them. This is a recipe for disaster, spelling losses in the long run. Let logic take control for you to make reasonable decisions when trading.
Highlighted above are some of the best quotes to rely on as an investor. 30 more quotes of famous traders are available here to help you grasp the financial trading sector.