Traders Quotes

“Corporate finance, which services the corporations and governments that borrow money, and that are known as “clients,” is, by comparison, a refined and unworldly place. Because they don’t risk money, corporate financiers are considered wimps by traders.”
― Michael Lewis, Liar's Poker

“A trader needs to be highly skilled and extremely lucky to beat the market consistently. If a trader is highly skilled but not lucky enough or extremely lucky but modestly skilled, he will beat the market occasionally but not consistently. Traders that are modestly skilled and modestly lucky will briefly beat the market but will be behind the market most of the time. Everybody else will lose money on a long-term basis, that is, 90% of the traders.”
― Naved Abdali

“The best traders have trading habits, daily routines they repeat day after day.”
― Henrique M. Simões, Trading Course: How to Become a Consistently Winning Trader

“The only difference between Art experts and Traders is Terminology.”
― Jean-Michel Rene Souche

“The traders standing nearby, or really most anyone doing just well enough to pay for the services of people like him, needed to be reassured that those they were considering hiring were in a state of sufficient wretchedness that they could be paid as little as possible for their labor, and never succeed enough to pull themselves up from that state. Thus, the boss men reassured themselves of their own importance. Pull-down-and-keep-down syndrome was how Elimane thought of it.”
― Ishmael Beah, Little Family

“My first surprise was to discover that the military people there thought, behaved, and acted like philosophers—far more so than the philosophers we will see splitting hairs in their weekly colloquium in Part Three. They thought out of the box, like traders, except much better and without fear of introspection.”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable