Top 100 Quotes About Traders
#1. I found that options traders - the Amex was mainly an options exchange - routinely conspired to keep as wide as possible the spreads between the prices investors paid and the prices floor traders paid for the same securities.
Gary Weiss
#2. Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.
Alexander Elder
#3. This completed the curious reversal in roles that occurred in the early 1980s, when thrifts became traders and traders thrifts.
Michael Lewis
#4. Street traders were doing good business selling a paper toy which represented a pig, but if you put the paper together and unfolded it in a certain way it turned into Hitler's face.
Wladyslaw Szpilman
#5. Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
#6. You listen to the street traders any morning. They don't shout, 'Nearly-fresh oranges, only slightly squashy, reasonable value,' do they? No, they shout, 'Git chore orinjes, they're luvverly.' Good business sense." He
Terry Pratchett
#7. In the empty expanses of space, the wandering traders need men like myself to care for the spiritual side of a life so given over to commerce, and worldly pursuits.
Isaac Asimov
#8. The stock exchange is a gambling club in which the house members (pros, institutional traders, the State) take advantage of the public's greed in order to profit from their mistakes.
Meir Barak
#9. The violinist must possess the poet's gift of piercing the protective hide which grows on propagandists, stockbrokers and slave traders, to penetrate the deeper truth which lies within.
Yehudi Menuhin
#10. By contrast, all professional traders know full well that the market is a huge mass of people.
Anonymous
#11. They don't try to trade 'reality', they try to trade
other people's perceptions of reality. If a market is dominated by enough technical traders, it could lapse into a 'postmodern' state, with traders trading perceptions of perceptions of reality.
Brett Scott
#12. Lights burn on the upper floors, traders and analysts letting commerce take precedence over family one more time in a desperate attempt to add to a Christmas bonus they won't have time to spend.
Nick Harkaway
#13. The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!
Linda Bradford Raschke
#14. We're talking to every third-party supplier every day of the week, and our traders are talking to them and buying products from them. When we're doing that, we see opportunities which no one else sees.
Ivan Glasenberg
#15. I always tell my traders that they would've loved the 1990s because it was a fairly easy time to make money.
Steven A. Cohen
#16. The Merchants of Carolina, are fair, frank Traders.
John Lawson
#17. We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.
Brad Katsuyama
#18. Our traditional stories are based on an aristocratic model without a middle class, whereas The Arabian Nights reflect people living in cities, traders, merchants, travelers, with a wide range of personalities.
Marina Warner
#19. I thought if we could put our hard-working culture as traders into the asset management, it will be a great combination, and we did do that.
Ivan Glasenberg
#20. I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.
William Eckhardt
#21. Doctors are not servants of their patients, they are traders like everyone else in a free society and they should bear that title proudly considering the crucial importance of the services they offer.
Ayn Rand
#22. High-frequency traders are firms all around the world. They're massive investments.
Eric Schneiderman
#23. There are old traders and there are bold traders, but there are very few old, bold traders.
Ed Seykota
#24. If I were to meet the slave-traders who kidnapped me and even those who tortured me, I would kneel and kiss their hands, for if that did not happen, I would not be a Christian and Religious today ... The Lord has loved me so much: we must love everyone ... we must be compassionate!
Josephine Bakhita
#25. Good traders trade. Good letter writers write letters.
Ed Seykota
#26. In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.
John Hull
#27. Good traders liquidate when they are wrong, great traders reverse when they are wrong
Jack D. Schwager
#28. I have always been an honest trader. I come from a school of traders where there was honour in the deal. No contracts, just a handshake and that's it, done. That's the way I prefer to do business but it's not always possible these days, sadly.
Alan Sugar
#29. 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
#30. The best traders are simply slaves to the market's price action
Steve Burns
#32. I know their game. First, the traders and the missionaries: then the ambassadors: then the cannon. It's better to go straight to the cannon.
Tewodros II
#33. You will never see as many great women investors or traders as men. Period. End of story.
Paul Tudor Jones
#34. Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.
Ed Seykota
#35. Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.
Arthur Levitt Jr
#36. A state in India will have more traders than perhaps a European nation. Trade is a great way to integrate people.
Narendra Modi
#37. A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.
Ed Seykota
#38. There were thousands of abolitionists who were free traders.
Robert Toombs
#39. The sad truth is that without complex business partnerships between African elites and European traders and commercial agents, the slave trade to the New World would have been impossible, at least on the scale it occurred.
Henry Louis Gates
#40. Donnie Green himself had been a trader at Salomon Brothers in the dark ages, when traders had more hair on their chests than on their heads.
Michael Lewis
#41. As developing countries became bigger traders, it was clear that the old way of doing business wouldn't fly. To get them back to the bargaining table, the wealthy countries had to offer something more: a new round of talks that would use trade as a tool to help developing countries grow.
Daniel Altman
#42. Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
Alexander Elder
#43. The best traders I know are also the most humble people I know, coincidence? Or has the market taught them some very valuable lessons?
Steve Burns
#44. Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.
Gary Weiss
#45. We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.
Adair Turner
#47. We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.
Nassim Nicholas Taleb
#48. I grew up in the East End of London, the youngest of three boys in a Catholic household. Both my parents were market traders and worked seven days a week.
James Herbert
#49. There are two things that have always haunted me: the brutality of the European traders and the stories I've heard about Africans selling other Africans into slavery.
Henry Louis Gates
#50. Gratitude is like the good faith of traders: it maintains commerce, and we often pay, not because it is just to discharge our debts, but that we may more readily find people to trust us.
Francois De La Rochefoucauld
#51. What else can you tell us about this batna, Surendranath?" "I learnt it from English traders in Surat," said the befuddled Surendranath, "It stands for Best Alternative To a Negotiated Agreement.
Neal Stephenson
#52. Winners feel rewarded when price moves in their favor, and losers feel punished when it moves against them. Crowd members remain blissfully unaware that by focusing on price they create their own leader. Traders who feel mesmerized by prices create their own idols.
Anonymous
#53. The sophisticates of Java, the traders of Sumatra, the peasants from the outer islands found no common ground. During siesta time from one to five, the Islamic group met separately, the Nationalist group met separately, the Federalist and Unitarians met separately.
Sukarno
#54. It's a little-known story that bicycles played a big role in propping up North Korea's informal and privatized economy, because they helped small traders shuffle goods between the manufacturers and markets. These bicycle riders, in turn, became an informal merchant class.
Felix Abt
#55. I come from a family of traders; my grandmother and my mother were very good at making money.
Anne Robinson
#56. Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.
Jesse Lauriston Livermore
#57. The people who want to be recognized as the greatest traders are probably not the greatest traders. Egos get in the way of the process. In my opinion, you never want to be the largest player in the pit.
Blair Hull
#58. It often horrified the English community that she spent her time with local farmers and horse traders, eccentrics and mystics, but she valued expertise over convention and had long believed if you were going to make discoveries in the world you must first quit your Englishness and open your eyes.
Sara Sheridan
#59. Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth Galbraith
#60. I've heard it said that there are men who read in books to convince themselves there is a God. I know not but man may so deform his works in the settlements, as to leave that which is so clear in the wilderness a matter of doubt among traders and priests.
James Fenimore Cooper
#61. Street traders, unabashed about being wealthy, about being single and aggressive and possibly dangerous. He was a free-spending global titan in his early fifties who
Dave Eggers
#62. There is a saying that bad traders divorce their spouse sooner than abandon their positions. Loyalty to ideas is not a good thing for traders, scientists - or anyone.
Nassim Nicholas Taleb
#63. Traders take a good system and destroy it by trying to make it into a perfect system.
Robert Prechter
#64. If we didn't execute bankers and rogue traders found guilty of financial mischief, it might give them the clear signal that it's actually okay, and then where would we be?
Jasper Fforde
#65. Love is Compassion, Endurance, Equanimity, Impartiality, Magnetic, Patient and Just (and Where Justice Is Not, Hate-Traders Profit)
Elizabeth Lucye Robillard
#66. Builders need to take their preeminent position back from the traders for the economy of the future to flourish.
Richard Florida
#67. First of all, most traders don't have a winning strategy. Second, even among those traders who do, many don't follow their strategy. Trading puts pressure on weaker human traits and seems to seek out each individual's Achilles' heel.
Gil Blake
#68. One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.
Venita VanCaspel
#69. Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.
Linda Bradford Raschke
#70. You mean that this is a matter of patriotism and traders aren't patriotic?"
"Notoriously not. Pioneers never are.
Isaac Asimov
#71. Short-term trading is very time-consuming. That is why even "successful" short-term traders can easily have negative real ROI.
Robert Rolih
#72. The best traders have trading habits, daily routines they repeat day after day.
Henrique M. Simoes
#73. Some traders still think that a computer could not trade as well as they can.
Thomas Peterffy
#74. Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price
Jack D. Schwager
#75. June 2011 article in the Financial Times titled "Alfred Hitchcock's 'The Bankers' " noted, "The characteristics that make for good traders and investment bankers are pretty much the same as those that define psychopaths."107
Thom Hartmann
#76. So far as inland discovery was concerned, the adventurous spirit of the English was that of sailors who land but for a day, and their enterprise the enterprise of traders.
Henry David Thoreau
#77. We believe we can train any intelligent, quick thinking person to be a trader. We feel traders are made, not born.
Jeff Yass
#78. Traders can cause short-term volatility. In the long run, the market must revert to a sensible price/earnings multiple.
Ben Stein
#79. In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.
John Lanchester
#80. I think religion is very anti-man. I think it's a terrible distortion and exploitation of a very natural urge every human has - to be rejoined with the one somehow, to become a part of the universe. Once the high priests and the traders took over, we were lost as a species.
George Carlin
#81. Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.
Michael Lewis
#82. The slave-breeders and slave-traders, are a small, odious and detested class, among you; and yet in politics, they dictate the course of all of you, and are as completely your masters, as you are the master of your own negroes.
Abraham Lincoln
#83. Art, music, and philosophy are merely poignant examples of what we might have been had not the priests and traders gotten hold of us.
George Carlin
#84. The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if they take risky bets that don't pan out.
David Ignatius
#85. The head is the phase when the stock is rising but nobody knows the reason. Most retail investors and traders are not in the stock and neither is it being talked about. This
Ashu Dutt
#86. But it had always been my mom's philosophy that the way we treat animals goes hand in hand with the way we treat people, and so she would dedicate her life to stopping men like this one, bushmeat traders hoping for sale
Eliot Schrefer
#87. Stock exchanges say that more than half of all trades are now executed by just a handful of high-frequency traders, who use rapid-fire computers to essentially force slower investors to give up profits, then disappear before anyone knows what happened.
Charles Duhigg
#88. In order to remain undead, I must steal the life force of someone whose fate matters less to me than my own.' I've always supposed that Wall Street traders utter essentially the same sentence.
Thomas C. Foster
#89. Bakhchisaray was formerly the capital of the Crimean khanate and once an important crossroad of the Silk Road, where traders met from across the Black Sea, the steppes of Central Asia, Russia, and eastern Europe.
Tim Cope
#90. We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.
John Bright
#91. If most traders would learn to sit on their hands 50 per cent of the time, they would make a lot more money.
Bill Lipschutz
#92. Money is an invention of the marketplace of exchange,
brought into being by traders
who discovered that a reliable medium
could facilitate trades that were more difficult
or even impossible by barter alone.
Lawrence Reed
#93. Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs.
George Papandreou
#94. You can still sit under the tree where Dr. Livingstone negotiated with slave traders to set people free.
Joyce Banda
#95. The Occupy Wall Street movement faltered when activists realized that traders were quite busy already.
The Covert Comic
#96. The snakes are always against the prohibition of the poisons; and the arms traders, of the arms!
Mehmet Murat Ildan
#97. Professional critics are incapable of distinguishing and appreciating either diamonds in the rough or gold in bars. They are traders, and in literature know only the coins that are current. Their critical lab has scales and weights, but neither crucible or touchstone.
Joseph Joubert
#98. One common adage ... that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.
William Eckhardt
#99. If you don't work very hard, it is extremely unlikely that you will be a good trader.
Bruce Kovner
#100. Everybody gets what they want out of the market
Ed Seykota
