In trading, there are two types of motivations: one is internal and the other is external. Internal motivation comes with your trading mindset by doing daily affirmations, and meditation. External motivation comes with sometimes profits and Motivational Quotes. If you’re worried about motivational quotes for traders, then you’re at the right place.
Here you’ll get a list of the best motivational quotes for traders.
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
Trading is 80% mindset and 20% setup. And confidence comes from competence, and competence comes from practice, i.e., backtesting.
It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
–Anthony Robbins
Consistency is the key in trading or any other profession. By doing one thing and following one pattern, it becomes second nature, and then you have no worries because it works automatically.
Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.
–Yvan Byeajee
As most of you have seen, all successful traders and entrepreneurs are always talking about trading mindset and meditation. This is the secret that all successful traders use to achieve success.
“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
Trading is not about buying and selling. In trading, an important factor is the risk-to-reward ratio (R: R). If you lose 1R and win 3R, then you’re in the game, whether your success rate on the trade is 30%.
The goal of a successful trader is to make the best trades. Money is secondary.
–Alexander Elder
If you want to be a successful trader, you need to think about more than just money. And if you still try to make money in every trade, then the trading profession may be tough for you.
Money is made by sitting, not trading.
–Jesse Livermore
As I mentioned above, trading is an 80% mindset. If you want to win this game, then you have to learn the skill of holding your nerve in winning trades and being ruthless in your losses.
“The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
– Mark Zuckerberg
If you want to be a swimmer, you’ve got to dive into a swimming pool. Without entering the water, you can’t be a good swimmer. Hence, risk is the first step to success.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
– Robert G. Allen
Think and Grow Rich, and Rich Dad Poor Dad are two books. You’ll discover that the difference between a rich mindset and a poor mindset is that rich people invest their money, whereas poor people save their money.
“The trend is your friend until the end when it bends.”
–Ed Seykota
The big money is made in the market by following one good trend. So, you should try to add one trend-following setup to your bucket.
“The market is a device for transferring money from the impatient to the patient.”
– Warren Buffet
You may have heard that only 5 to 10% of traders are successful because they focus on a trading mindset rather than trading skills or setups.
Bottom line:
Trading is not a rich-get-quick-money scheme. You must master a trading setup as well as a trading mindset. And these motivational quotes may help you in your trading career.
Thank You, I hope you’ve enjoyed this information as much as I loved writing it for you.
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Happy Trading!