Best Trading Strategies for Stock Traders

Trading is a difficult profession. Everyone who engages in trading does so with the objective of making more money. By chance or luck, you may make a profit on some of your trades. However, making a long-term profit from trading necessitates more than a stroke of luck. To trade successfully and make it your vocation, you must have skill, focus, enthusiasm, discipline, and the right temperament. As a result, there are more losers and fewer winners. You may have particular skills, but you may lack the emotional intelligence to carry out your trade with tact.

Here you will find the best trading tips from the best traders who have made a fortune from their trading career. Following their advice will not guarantee success, but it will put you on the right track.

Trading Tips for the Stock Traders

1. “There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time.”

– Jesse Livermore


2. “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”

-Van K. Tharp


3. “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”

-Jim Rogers


4. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”

-Paul Tudor Jones


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

-Bill Lipschutz


6.”What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”

-William O’Neil


7. “Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.”

-Michael Carr


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

-Alexander Elder


9. “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.”

-Randy McKay


10. “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


11. “I’m looking for 5:1 (risk /reward).  Five to one means I’m risking one dollar to make five.  What five to one does is allow you to have a hit ratio of 20%.  I can actually be a complete imbecile. I can be wrong 80% of the time, and I’m still not going to lose.”

-Paul Tudor Jones


12. “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


13. “Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt. After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference.”

-Paul Tudor Jones


14. “The elements of good trading are:  cutting losses, cutting losses, and cutting losses. If you can follow these three rules, you may have a chance.”

-Ed Seykota


15. “Accepting losses is the most important single investment device to insure safety of capital.”

-Gerald M. Loeb


16. “Gamblers obsess with big potential upside windfall profits. Intelligent speculators obsess with managing downside risk.”

-Peter Brandt


17. “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

-George Soros


18. “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have”

– Paul Tudor Jones


19. “Do more of what works and less of what doesn’t.”

– Steve Clark


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

– Marty Schwartz


21. “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”

– Yvan Byeajee


22. “If you personalize losses, you can’t trade.”

-Bruce Kovner


23. Short term volatility is greatest at turning points and diminishes as a trend becomes established.”

George Soros


24. “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.”

-Victor Sperandeo


25. “I know where I’m getting out before I get in.”

-Bruce Kovner


26. “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.”

-Mark Douglas


27. “When in doubt, get out and get a good night’s sleep. I’ve done that lot of times and the next day everything was clear… while you are in the position, you can’t think. When you get out, then you can think clearly again.”

-Michael Marcus

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