It’s been awhile since I sent out some trading quotes.
This time I’ve decided to add some general wealth quotes because as your trading account grows you will need these also.
This top part will be a few of my favorite trading quotes, near the bottom will be the wealth quotes.
Not trading is a trading decision.
Sit on your hands until all your trading rules line up. Not only before a trade, but also during a trade until your profit target or stop is it.
If you don’t have trading rules you are or will become an emotion trader. Emotional traders always lose in the long run.
We let price prove itself before committing our money.
The sooner you accept that you really don’t know the future the sooner you will trade with a 100 times less stress.
The trend is your friend.
We rarely catch the exact top or bottom of a trend so don’t expect to.
Every trend ends.
Every sideways market ends.
We hold our winners to our targets. If we take profits early we will be shooting ourselves in the foot.
Losing 1-2% on a trade is not the end of the world. We stick to our trading plan regardless of draw downs and losing streaks.
We stick to our trading plan and risk levels regardless of hot winning streaks.
Only fools add to losing trades or move their stops to have more risk.
Good traders don’t make ungrounded statements.
We don’t pay attention to MSNBC, other news networks, chat rooms, hot tips, brokers, or any other outside influences. If they could trade they would and quit their jobs.
To be the best you need to learn from the best.
Blame, justification, and complaining are pills. They are nothing more than stress reducers. They alleviate the stress of failure. Don’t use them.
If your goal is to be comfortable, chances are you will never get wealthy, but if your goal is to be wealthy, chances are you will end up mighty comfortable.
If you want to be wealthy, focus on making, keeping and investing your money. If you want to be poor, focus on spending your money.
Successful people look at other successful people as a means to motivate themselves. They see other successful people as models to learn from.
Wealthy people think “both.” Poor people think “either/or.” Wealthy people live in a world of abundance. Poor people live in a world of limitations.
Money does not get depleted; you can use the same money again and again for years and years and thousands and thousands of people. The more money you have, the more you can put into the circle, which means other people then have more money to trade for more value. Do you think Bill Gates has 43 billion in cash under his mattress?
Of course not, that money is invested, it’s “in the circle”. Where it’s invested creates jobs, and tax revenues. If you get wealthy you end up helping everyone, your family, your economy and your government.
One man being wealthy does not make another man poor. Just like one man being poor does not make one man wealthy. It’s simple logic.
Don’t feel bad when you get wealthy. Unless you won the lottery or are stealing, you deserve what you earned, so enjoy it.
Where attention goes, energy flows and results show.
To master money, you must manage money.
Until you show you can handle what you’ve got, you won’t get anymore.
The habit of managing your money is more important than the amount.
The goal of creating wealth is not primarily to have a lot of money. The goal of creating and maintaining wealth is to help you grow yourself into the best person you can possibly be.
What are your thoughts?
Share them below!
Helping you retire on time,
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