Trading can be a very stressful. When our trades do not go to plan and take consecutive losses, it is easy to let emotions take control that can lead to:
- Over trading to cover a loss
- Cutting a losing trade too early to find the next holy grail trade
- Deviating from trading plan and FOMO into a trade
- Removing stop loss on a losing trade in hope it will recover (HODL)
- Enter a trade that will 100x according to Twitter without doing any research
If YOU have found yourself in this position before, all you might need is a little inspiration, motivation and guidance from successful traders and investors. I can say for sure that it has certainly helped me over the years.
With that said, here are this week's 5 quotes and sayings from successful traders:
“There is a huge difference between a good trade and good trading.”
– Steve BurnsDo more of what works and less of what doesn’t.
- Steve Clark“If you can’t take a small loss, sooner or later you will take the mother of all losses.”
– Ed Seykota“Hope is a bogus emotion that only costs you money.”
– Jim Cramer“All you need is one pattern to make a living.”
– Linda Raschke
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