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Trading psychology

Trading psychology

Most trading problems aren’t strategy problems. Practical guides and the most-shared lines from the classic trading psychology books — each one share-ready.

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Guides

💬16 trading psychology quotes worth rereadingThe classics — each turned into one concrete habit.→🧭Mark Douglas’s five fundamental truths, explainedThe core of Trading in the Zone, made practical.→⚖️Fear and greed in trading: what loss aversion does to your exitsLoss aversion, FOMO and how to counter them.→🔁How to recover from a losing streakStop the bleeding, then rebuild confidence.→✅The pre-market trading mindset checklistA 2-minute routine for before and after the open.→🔄Why you overtrade (and the trade cap that fixes it)Why you take the extra trades, and a cap that stops them.→

Quotes worth rereading

Tap “Share” on any quote to post it. For what to actually do with each one, read 16 trading psychology quotes worth rereading.

❝Anything can happen.— Mark Douglas, Trading in the Zone
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❝You don’t need to know what is going to happen next in order to make money.— Mark Douglas, Trading in the Zone
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❝There is a random distribution between wins and losses for any given set of variables that define an edge.— Mark Douglas, Trading in the Zone
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❝An edge is nothing more than an indication of a higher probability of one thing happening over another.— Mark Douglas, Trading in the Zone
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❝Every moment in the market is unique.— Mark Douglas, Trading in the Zone
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❝There is nothing new in Wall Street. There can’t be because speculation is as old as the hills.— Edwin Lefèvre, Reminiscences of a Stock Operator
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❝It never was my thinking that made the big money for me. It always was my sitting.— Edwin Lefèvre, Reminiscences of a Stock Operator
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❝Win or lose, everybody gets what they want out of the market.— Ed Seykota, in Market Wizards by Jack Schwager
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❝The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses.— Ed Seykota, in Market Wizards by Jack Schwager
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❝The investor’s chief problem — and even his worst enemy — is likely to be himself.— Benjamin Graham, The Intelligent Investor
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❝Losses loom larger than gains.— Daniel Kahneman & Amos Tversky, Prospect Theory; see Thinking, Fast and Slow
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❝The stock market is a device for transferring money from the impatient to the patient.— Warren Buffett, widely attributed
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❝Don’t focus on making money; focus on protecting what you have.— Paul Tudor Jones, widely attributed
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❝Markets can remain irrational longer than you can remain solvent.— John Maynard Keynes, widely attributed
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❝Cut your losses short and let your profits run.— Old trading maxim, often credited to David Ricardo
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❝If you personalize losses, you can’t trade.— Bruce Kovner, widely attributed, from Market Wizards
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