Odd (but true) trading quotes

We all take trading very seriously, and rightfully so, money is a serious business.
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But even the greats liked to have a chuckle from time to time…
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Here are a few light-hearted trading quotes to kick off a Monday morning.

#1 “The main purpose of the stock market is to make fools of as many men as possible” – Bernard Baruch
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​We’ve all felt foolish before…
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Like the moment you execute your order and the market goes completely in the opposite direction you anticipated.
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Or doubling up on a trade you meant to close. Fat finger.
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Or getting stopped at the exact low tick of the day.
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I could go on… it’s going to happen, from time to time you are going to feel like a fool.
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But it’s the score at the end of the year that counts…
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​#2 “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather
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​True.
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The reason why we decided to take the trade is because we believe we are right. Otherwise, we would never click the button.
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Just remember there’s someone on the other side of your trade who sees exactly the same data as you but has come to a totally different conclusion.
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​#3 “There is time to go long, time to go short, and time to go fishing.” – Jesse Livermore
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​Jesse Livermore has a few quotes that refer to sitting on your hands and waiting, this is probably the best one.
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How many times have you sat there all day, wasted time and money on a nothing market, you’d have had a better ROI at the pub…
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​#4 “It’s only when the tide goes out that you learn who has been swimming naked.” – Warren Buffett
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​Risk, risk, risk, people!
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Of course, Buffett is talking about overexposed long-term investors here, but it applies to any time frame.
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Can your strategy withstand an unusual market event?
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Is your risk management tight enough to stomach multiple losers in a row?