120 Motivational Trading Quotes to Set You on the Path to Success

Trading is the idea of buying or selling things while receiving payment from the buyer or seller. Within an economy, there is typically commerce between producers and consumers. Therefore, inspirational trading quotes are a collection of wise words from well-known individuals to encourage you as you learn risk management techniques for the market and how to limit losses. Reading through these trading quotes from traders might motivate you to study risk management and aid in your quest to become a profitable trader.

Paul Tudor Jones Quotes on Forex market 

1 "Don't focus on making money; focus on protecting what you have."

-Paul Tudor Jones

Meaning: To make a living out of trading, learn to trade!

 2." Trading is very competitive, and you have to be able to handle getting your butt kicked."

-Paul Tudor Jones

Meaning: Investors need to be resilient and adaptable.

3. "If I have positions going against me, I get right out; if they are going for me, I keep them."

-Paul Tudor Jones

Meaning: Be aware of the influential psychological factors that prevent you from taking a loss and moving on.

4. "I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst."

-Paul Tudor Jones

Meaning: Increasing the lot size when we are losing to "take back" the losses. But we all know that this usually leads to larger losses.

5. "Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead."

-Paul Tudor Jones

Meaning: Admire such a personality to be honest because losing trades still bothers you a lot, and it takes some time to get feeling back to neutral.

6. "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

Meaning: It is obvious that in the world of investment, information is power. 

7. "Don't ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don't have control."

-Paul Tudor Jones

Meaning: Don't risk significant amounts of money in front of key reports, since that is gambling, not trading.

8. "The whole world is simply nothing more than a flow chart for capital."

-Paul Tudor Jones

Meaning: Investors need to focus on how much of their capital is at danger in each individual investment.

9. "I am always thinking about losing money as opposed to making money."

-Paul Tudor Jones

Meaning: Don't focus on making money; focus on protecting what you have."

10. "You don't stop a train with a brick wall; even there's a wall of selling, the train is going through that brick wall and take out a lot of bears."

-Paul Tudor Jones

Meaning: It's not always easy to get started, though, with so many graphs, terms, and numbers to decipher. 

Best Trading Quotes on Psychology 

11. "The hard, cold reality of trading is that every trade has an uncertain outcome."

-Mark Douglas

Meaning: What separates the “consistently great” athletes and performers from everyone else is their distinct lack of fear of making a mistake.

12. "The consistency you seek is in your mind, not in the markets."

-Mark Douglas

Meaning: Remember, the best traders think in a number of unique ways. They have acquired a mental structure that allows them to trade without fear. 

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

-Mark Douglas

Meaning: Don’t give in to the pressure the market puts on you.

14. "The question should not be how much I will profit on this trade! The true question is; will I be fine if I don't profit from this trade."

-Yvan Byeajee

Meaning: Not every country has every good or service and hence they trade it for some other product or service or money.

15. "Always start at the end before you begin. Professional investors always have an exit strategy before they invest. Knowing your exit strategy is an important investment fundamental."

-Robert Kiyosaki, 'Rich Dad, Poor Dad', 1997.

Meaning: Deliver better investment strategies that help you in making considerable returns. 

16. "Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet."

-J. Paul Getty.

Meaning: Some risks are natural, you can't do without it.

17. "Don't look for the needle in the haystack. Just buy the haystack!"

-John Bogle 

Meaning: That succinctly sums up the case for buying an index fund instead of hiring somebody to try to pick out gems.

18. "Know what you own, and know why you own it."

-Peter Lynch

Meaning: In the world of investment it's important to learn from your mistakes.

19. "You make most of your money in a bear market; you just don't realize it at the time."

-Shelby Cullom Davis

Meaning: We can turn adversity into an advantage with confidence by understanding how market volatility can be your best friend. 

20. "Investing is the intersection of economics and psychology."

-Seth Klarman

Meaning: The psychology of investors influences the decisions like how much they should buy or at what price they should buy or for how long they should keep it, etc. 

Best quotes on stock trading and market 

21. "If you don't find a way to make money while you sleep, you will work until you die."

-Warren Buffett

Meaning: Not every country has every good or service and hence they trade it for some other product or service or money.

22. "The difference between successful people and really successful people is that really successful person say no to almost everything."

-Warren Buffett

Meaning:  A not to-do list, by all means, will cement your relationships with your colleagues and customers; after all it will be a case of promises kept.

23. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

-Warren Buffett

Meaning: The key to outstanding investment returns is investing in high quality businesses at sensible prices – and owning them for the long run.

24. "You can't produce a baby in one month by getting nine women pregnant."

-Warren Buffett

Meaning: No matter how great the talent or efforts, some things just take time

25. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

-Warren Buffett 

Meaning: Some people don't know how to spend their money and are getting advice from people who do.

26. "In the business world, the rearview mirror is always clearer than the windshield."

-Warren Buffett

Meaning: When you look back at any situation you experienced in the past, the solution seems to be clear.

27. "Today, people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."

-Warren Buffett

Meaning: Stick to your long term plans.

28. "If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."

-Warren Buffett

Meaning: Putting his money where his mouth is.

29. "Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."

-Warren Buffett

Meaning: Honesty is a very expensive gift.

30. "You only have to do very few things right in your life so long as you don't do too many things wrong."

-Warren Buffett

Meaning: If you don’t fail too much, you can be professionally successful with a few wins to your name.

31. "You need to know very well when to move away, or give up the loss, and not allow the anxiety to trick you into trying again."

-Warren Buffett

Meaning: Losses affect the trader's inner psycho, and the result may be harmful, so take a break when things go wrong.

32. "The stock market is a device for transferring money from the impatient to the patient."

-Warren Buffett

Meaning: So if you have chosen the right stock, you have to be patient with it. 

33. "The stock market is filled with individuals who know the price of everything, but the value of nothing."

-Philip Arthur Fisher

Meaning: In trading, the price of an instrument isn’t as important as the value it gives you.

34. "In many ways, the stock market is like the weather in that if you don't like the current conditions, all you have to do is wait a while."

-Low Simpson

Meaning: Do not buy or sell on impulse or because of any spike or dip in prices or if there is a new or popular asset gracing all headlines. 

35. "The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what's going to happen contradicts my way of looking at the market."

-George Soros

Meaning: Always look at the market before investment.

36. "The intelligent investor is a realist who sells to optimists and buys from pessimists."

-Benjamin Graham, 'The Intelligent Investor ', 1949.

Meaning: “The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism . 

37. "The main purpose of the stock market is to make fools of as many men as possible."

-Bernard Baruch

Meaning: There is a danger in following the herd.

38. "All the math you need in the stock market you get in the fourth grade."

-Peter Lynch

Meaning: The more complex your trading strategy is, the more things can go wrong.

39. "If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume."

-Benjamin Graham

Meaning: There are trends that last 3 months; there are trends that last 3 years.

40. "Stocks are bought not in fear but in hope. They are typically sold out of fear."

-Justin Mamis

Meaning:Many of the actions undertaken by novice traders and motivated by emotions.

41. "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

Meaning:Sometimes someone who sells simply wanted to spend their money, and the next person will make money on the stock as well.

42. "An investor without investment objectives is like a traveler without a destination."

-Ralph Seger

Meaning: Financial goal helps determine the type of investments you make.

43. "If stock market experts were so expert, they would be buying stocks, not selling advice."

-Norman R. Augustine

Meaning: You should avoid people who give you free advice to invest in some random stocks.

44. "A handful of men have become very rich by paying attention to details that most others ignored."

-Henry Ford

Meaning: Pay attention to the things even that other not bothered.

45. “Risk comes from not knowing what you’re doing.”

-Warren Buffett

Meaning: An investor should always do his or her homework before making decisions. 

46. "Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception."

-George Soros

Meaning: Occasionally, a misconception is reinforced by a trend prevailing in reality, and that is when a boom-bust process gets under way. 

47. "Trading effectively is about assessing probabilities, not certainties."

-Yvan Byeajee

Meaning: To change your perspective and start thinking in probabilities – view trading as a probability game, as opposed to a game of certainty.

48. "Value stocks are about as exciting as watching grass grow, but have you ever noticed just how much your grass grows in a week?"

-Christopher Browne

Meaning: The goal of any investor should be to focus on their long-term plan and avoid knee-jerk reactions.

49. "When purchasing depressed stock in troubled companies, seek out the ones with the superior financial positions, and avoid the ones with loads of bank debt."

-Peter Lynch

Meaning: Learn everyday, but especially from the experiences of others. It’s cheaper!

 Your Losses Quotes

50. "We want to perceive ourselves as winners, but successful traders are always focusing on their losses."

-Peter Borish

Meaning: To become a WINNING trader, you MUST become a LOSING trader.

51. "In the short run, a market is a voting machine, but in the long run, it is a weighing machine."

-Benjamin Graham

Meaning: In the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company.

51. "There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating."

-Peter Lynch

Meaning: Owning stocks is like having children -- don't get involved with more than you can handle.

52. "Money is multiplied in practical value depending on the number of W's you control in your life: what you do, when you do it, where you do it, and with whom you do it."

-Timothy Ferriss

Meaning: Automate your work, business, and cash flow. And liberate your life by constantly exploring and learning.

53. "My favorite things in life don't cost any money. It's really clear that the most precious resource we all have is time."

-Steve Jobs

Meaning: Time with loved ones and their health and yours are the most precious resources in life.

54. "The feelings we accept and enjoy rarely interfere with trading."

-Ed Seykota

Meaning: It means disconnecting from our bodies so we don't feel our bodies and it involves disconnecting from our personal desires.

55. "In the short run, a market is a voting machine, but in the long run, it is a weighing machine."

-Benjamin Graham

Meaning: Where are markets headed in the post-election scenario? 

Power and inspirational trading quotes 

56. If you can’t take a small loss, sooner or later you will take the mother of all losses.

-Ed Seykota

Meaning: Either learn to handle small losses or risk blowing your entire account. If you can’t do the former, the latter is inevitable.

57. Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible.

-Ed Seykota

Meaning: To change a system, you need to shake it up, disrupt the equilibrium. That often requires conflict.“

58. "“Traders need a daily routine that they love. If you don't love it, you're not gonna do it.” 

-Scott Redler

Meaning: A truly inspiring trading quote to remind you that you need a trading style that fits in

59. “As much as possible you don’t want to be well paid merely for taking big risks. Anyone can manage that. You want to be well-paid because you did your homework.” 

-Joel Greenblatt

Meaning: Being risky doesn’t pay off. What really pays off is researching what you’re trading and setting yourself goals.

60. “What's the difference between a pro and an amateur? Professionals look for what's wrong with a setup. Amateurs only look for what's right.” 

-Mark Harila

Meaning: When you get to the point of being a professional trader, you look more for errors than anything else. Amateurs often fail to do that.

61. "Only the game, can teach you the game."

-Jesse Livermore

Meaning: If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.

62. "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas."

-Paul Samuelson

Meaning: Trading is not the same as gambling. It’s not about having fun, it’s about working out the right time to make your move.

63. "Trade what's happening… Not what you think is gonna happen."

-Doug Gregory

Meaning: Get in the habit of going with the flow, and avoid trying to predict where the flow is going.

64. "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die of euphoria."

-John Templeton

Meaning: Business confidence and consumer confidence have never felt further apart. 

65. "Trading doesn't just reveal your character, it also builds it if you stay in the game long enough."

-Yvan Byeajee

Meaning: Attaining the skills to become a great trader is a lifelong journey. To be successful requires you to make changes in your life.

66. "I have found that when the market's going down, and you buy funds wisely, at some point in the future, you will be happy. You won't get there by reading. Now is the time to buy."

-Peter Lynch

Meaning: Peter Lynch also made reference to when the time to invest is. Remember the overall direction of the market over time is up.

Quotes on Live Market 

67. "There were two sets of rules when it comes to money: One set of rules for the people who work for money and another set of rules for the rich who print money."

-Robert Kiyosaki

Meaning: To provide best value for money to clients through personalised service, innovative products, best trading and investment strategies and state-of-the-art technologies.

68. "The market can stay irrational longer than you can stay solvent."

-John Maynard Keynes

Meaning: The trickiest part of putting your money into a bearish bet is the timing.

69. "In a bull market, one can only belong or on the sidelines. Remember, not having a position is a position."

-Richard Rhodes

Meaning: Assuming you'll be one of the profitable ones, it'll likely take six months to a year–trading/practicing every day–until you are consistent .

70. "Invest for the long haul. Don't get too greedy and don't get too scared."

-Shelby M.C. Davis

Meaning: The greed and fear in you, doesn’t allow you to make returns and you end up blaming the market for your losses.

71. "There is a time to go long, a time to go short, and a time to go fishing."

-Jesse Livermore

Meaning:  Another inspirational trading quote about trading less rather than more. Having a break from trading can often make you a better trader.

72. "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."

-'Berkshire Hathaway Inc. Chairman's Letter', 2008.

Meaning: Prominent stock pickers are often asked to name a few of their favorites, with most rattling off some of their best performing selections.

73. "I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet."

-Larry Hite

Meaning: You create trading rules to get you out of trouble when positions go badly.

74. "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

Meaning: Doing nothing in the mean time is the difficult part of trading.

75. "I believe in analysis and not forecasting."

-Nicolas Darvas, 'How I Made $2,000,000 in the Stock Market', 1986.

Meaning:Try to keep forecasting to a minimum, if possible.

76. "The purpose of trading is not being right, the purpose is to make money, and I think that's my number-one rule. Don't get hung up on your current positions."

-Dana Allen

Meaning: Don’t wait for the market to prove you right. It may never do that.

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

-Marty Schwartz

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

78. "Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend."

-Richard Dennis

Meaning: Breakouts are the only entries that will ensure you’ll catch every single trend — every single time.

79. "The fundamental law of investing is the uncertainty of the future."

-Peter Bernstein

Meaning: Investors have no choice but to forecast elements of the future because nearly all investment decisions look toward it.

80. "I'm only rich because I know when I'm wrong. I basically have survived by recognizing my mistakes."

-George Soros

Meaning: When you are wrong in trade, you are preparing yourself for longer trades in the Market.

81. "It was clear to me that other people could trade for a living, and if it was possible for other people to do it, then I could persevere long enough to figure it out."

-Rob Booker

Meaning: Most people get excited about trading during bull markets & they think trading can bring easy money to them.

82. "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

Meaning: Most people dismiss many of the best and most profitable investment ideas simply because they probably won't work. 

83. "In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money."

-Ray Dalio

Meaning: If you can think for yourself while being open-minded in a clearheaded way to find out what is best for you to do.

84. "Trading is not for the dabblers, the dreamers, or the desperate. It requires, above all, one steadfast trait of dedication. So if you are going to trade, trade like you mean it"

-Rod Casilli

Meaning: Investing in stocks is risky short-term, but NOT investing in stocks is even more risky long-term.

85. "It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized."

-John Neff

Meaning: Investing in stocks is risky short-term, but NOT investing in stocks is even more risky long-term.

86. "99%+ of traders don't care about Ferraris and yachts. They just want to pay their bills, save a little extra money, and sleep well at night. The only way to do that is to bat 70% or more. Anything less, and these goals are nothing more than fantasy."

- Mark Melnick

Meaning: Nothing counts more than the hard work and time you put into a project or goal for your future.

87. "Are you willing to lose money on a trade? If not, then don't take it. You can only win if you're not afraid to lose. And you can only do that if you truly accept the risks in front of you."

- Sami Abusad

Meaning: You can only accept the risk if u know that you have taken a high probability trade.

88. "We don't care about 'why'. Real traders only have the time and interest to care about 'what' and 'when' and 'if' and 'then'. 'Why' is for pretenders."

-JC Parets

Meaning: Trading requires, above all, one steadfast trait of dedication. So if you are going to trade, trade like you mean it"

89. "The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt."

-Jim Rogers

Meaning: The problem for many investors is that the commodities market is wildly complex to enter and is designed to keep out the small-time investor and serve the large corporate giants.

90. "In investing what is comfortable is rarely profitable."

-Robert Arnott

Meaning: It denotes the probability of fluctuations in terms of the value of returns on investment. Therefore, what stands true is that you need to go a little harder to yield higher.

91. "Never, ever argue with your trading system."

-Michael Covel

Meaning: A great quote to remind yourself to keep track of what is working in your trading strategy and what isn't. 

92. "Amateurs think about how much money they can make. Professionals think about how much money they could lose."

-Jack Schwager

Meaning: It took time to become a profitable trader. Patience is the key.

93. “Do more of what works and less of what doesn’t.” - Steve Clark

Meaning: If something isn’t working for you, cut it. 

94.“Never, ever argue with your trading system” - Michael Covel 

Meaning: It’s probably not the systems’ fault. If it’s really doing you no good, change it!

95.“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” 

-Peter Lynch

Meaning: Focus on getting more trades right than wrong and you’ll be considered successful.

96. “Novice Traders trade 5 to 10 times too big. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on.” 

-Bruce Kovner

Meaning: As a rule, when you first start trading, never risk more than one or two percent of your trading account on a trade. 

97. “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” 

-Jack Schwagger

Meaning: In reality, no one really knows how to crack the market and be successful all the time.

98.“In trading/investing, it’s not about how much you make but rather how much you don’t lose.” 

-Bernard Baruch

Meaning: Proper risk management is more important than making money.

99 .“Every trader has strengths and weaknesses. Some are good holders of winners but may hold their losers a little too long. Others may cut their winners a little short but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” 

-Michael Marcus

Meaning: What works for you as a trader may not work for others. Every trader has their own trading style.

100. "The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor."

-Jesse Livermore

Meaning: That doesn’t mean you atcually will lose it, but do it out of principle.

101. “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions.” 

-Jack Schwagger

Meaning: Stop watching the market so closely. You’ll only end up trading too much, which is risky and/or close good positions too early. 

102.  “Frankly, I don’t see markets; I see risks, rewards, and money.” 

-Larry Hite

Meaning: Remove everything else from your mind and focus on the key elements of trading.

103. “I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think anyone book will do it for you.” 

-Charlie Munger

Meaning: Good traders never stop learning. Even when they become pros at trading, they are still learning.

104. "People in markets find a way of getting down to the essentials of I have, you want; you have, I want."

-Audre Lorde

Meaning:  As markets become efficient, the business moves away from players who participated and thrived in the inefficient market.

105. "Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place."

-Arthur Zeikel

Meaning: When you invest in stock market , it can take you upto the  new developments.

106. "It is the job of the market to turn the base material of our emotions into gold."

-Andrei Codrescu

Meaning: Successful traders have great risk management systems implemented, helping them increase assets, and know when to stop trading to avoid losses. 

107. "You never know what kind of setup market will present to you; your objective should be to find an opportunity where risk-reward ratio is best."

-Jaymin Shah

Meaning: Find the best time to setup in your trading market for best results.

108. "You get a recession; you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."

-Peter Lynch

Meaning: This doesn't mean that life is over or life will always treat you like this. These Stock Market will just accelerate your confidence

109. "Commodities tend to zig when the equity markets zag."

-Jim Rogers, 'Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market', 2007.

Meaning: On the subject of things– things that matter, whether we are active investors or not– that we might (to our peril) take for granted.

110. "Remember that stocks are never too high for you to begin buying or too low to begin selling."

-Jesse Livermore

Meaning: Buy low sell high isn’t the only way to make money. Because you can also buy high and sell higher.

111. "Spend each day trying to be a little wiser than you were when you woke up."

-Charlie Munger 

Meaning: Discharge your duties faithfully and well. 

112. "Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn't pay it."

-Albert Einstein

Meaning: The real 8th wonder of the world is PATIENCE but not the Power Of Compounding.

113. "The rich invest in time, the poor invest in money."

-Warren Buffet

Meaning: The benefit of being rich enough that the returns of investing your money are enough to live on. 

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

-Bill Lipschutz

Meaning: The key to make money is continue investing.

115. "Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don't take a hard look at risk, it will take you."

-Larry Hite

Meaning: When money speaks , the truth keep silence.

116. "Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong."

-Jesse Livermore

Meaning: You have to wait for the price action of the market to confirm your prognosis. 

117.  "Time is your friend; impulse is your money."

-John Bogle

Meaning: Intelligent investors must pay attention to the elements of long-term investing that are within their power to control.

118. "The goal of a successful trader is to make the best trades. Money is secondary."

-Alexander Elder.

Meaning: Successful traders develop  patience, adaptability, discipline,  forward thinking and independence.

119. "Success in investing doesn't correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble investing."

-'Business Week Interview', 1999.

Meaning: What you need is the temperament to control the urges that get other people into trouble in investing.

120. Do not be embarrassed by your failures, learn from them and start again.” 

-Richard Branson

Meaning: While Richard Branson might not be a trader, his words speak a lot of truth. Learn from your mistakes and keep going.