Futures trading quotes

1. Plan your trades and trade your plans.

Plan your trades; execute the trades according to your plans.

2. Hope and fear are the two greatest enemies of speculators.

Hope and fear are the two greatest enemies of speculators.

3. Keep records of your trading results.

Keep records of your trading results.

4. Maintain a positive attitude no matter how much you lose.

No matter how much you lose, maintain a positive attitude.

5. Avoid overconfidence--it could be your greatest enemy.

Don't be overconfidence--it could be your greatest enemy.

6. Continually set higher trading goals.

Continuously set higher trading goals.

7. Stops are the key to success for many traders--limit your losses!

Setting stop losses is the key to success for many traders--limit your losses!

8. The most successful traders are those that trade long term.

The most successful traders are those who trade long term.

9. Successful traders buy into bad news & sell into good news.

Successful traders buy into bad news and sell into good news.

10. The successful trader is not afraid to buy high & sell low.

The successful trader is not afraid to buy high and sell low.

11. Successful traders have a well scheduled planned time for studying the markets.

Successful traders have a well scheduled time for studying the markets.

12. Successful traders set profit objectives for each trade they enter.

Successful traders set profit objectives for each trade they enter.

13. Do not collect the opinions of others before entering trades--facts are priceless--opinions are worthless. In short successful traders isolate themselves from the opinions of others.

Don't Ask for opinions everywhere before even entering into a transaction - facts are valuable, opinions are worthless. Simply put, successful traders are not swayed by the opinions of others.

14. Continuously strive for patience, perseverance, determination, and rational action.

Continuously strive for patience, perseverance, determination, and rational action.

15. Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.

Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.

Never enter a market because you can’t wait.

16. Avoid getting in or out of the market too often.

Don’t get in or out of the market too often.

17. The most profitable trading tool is simply following the trend.

The best way to make money is to follow the trend.

18. Never change your position in the market without a good reason. When you make a trade, let it be for some good reason or according to a definite plan; then do not get out without a definite indication of a change in trend.

Never change your position in the market unless you have a good reason. Every time you make a trade, you must have a valid reason or a clear plan; thereafter, do not exit unless there are clear signs of a change in trend.

19. Loss make the speculator studious--not profits. Take advantage of every loss to improve your knowledge of market action.

Loss of money cannot make profits, but it can make speculators study carefully. . Take advantage of every opportunity to lose money and improve your understanding of market behavior.

20. The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the success equation.

In speculation The hardest task here is not prediction, but self-control. Successful trading is difficult and vexing trading. You are the most important factor in the success equation.

21. The basic substance of price change is human emotion. Panic, fear, greed, insecurity, anxiety, stress, and uncertainty are the primary sources of short-term price change.

The basic element of price changes is human emotion. Panic, fear, greed, insecurity, worry, stress and indecision are the main sources of short-term price movements.

22. Bullish consensus is typically at its high when the market is at a top. Also there are few bulls at major bottoms.

Typically, when the market is at a top, Most people are bullish in unison; at major bottoms, few people hold a bullish view.

23. Watch the spreads i.e., don't be bullish if inverses are narrowing.

Watch the spreads i.e., don't be bullish if inverses are narrowing.

Be careful of long and short transactions. In other words, if the deficit is shrinking, don't be bullish.

24. Remember that a bear market will give up in one month what a bull market has taken 3 months to build.

Remember that a bear market will give up in one month what a bull market has taken 3 months to build. What you get in a three-month bull market.

25. Identify "the dominant factor" in each commodity. Be prepared to redefine this factor as conditions change.

Find the "decisive factor" in each commodity futures. As the situation changes, be ready to re-evaluate a factor at any time.

26. Expand your sources for market info but limit your sources for market opinion.

Expand your sources of market information; limit your sources of market opinion.

27. Don't ever allow a big winning trade to turn into a loser. Stop yourself out if market moves against you 20% from your peak profit point.

Never let A big winning deal turns into a losing deal. If the market takes your profit down 20% from its peak, stop your loss and exit the market.

28. It is never possible to know everything about anything. A commodity trader is in constant danger.

No one can know everything. There are always dangers involved in futures trading.

29. Successful trading requires four things. Knowledge, disciplined courage, money, and the energy to merge the first 3 properly.

Trading requires four things to be successful: knowledge, disciplined courage, money, and the energy to merge the first 3 properly.

Well-controlled courage, well-controlled money, and the right combination of energy.

30. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.

Expect and accept losses gracefully. accept losses. Those who dwell on losses always miss the next opportunity, which may well be a profit opportunity.

31. The one essential ingredient to making money with money and keeping it is having an organized effort.

One of the essential ingredients to making money with money and keeping it is having an organized effort. .

32. Unless you progress, you go backwards. Once you complete a trading goal it is crucial that you immediately set a new goal.

If you don't advance, you go backwards. The important thing is that once you achieve a trading goal, you should immediately set a new goal.