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"Don’t focus on making money, focus on protecting what you have." – Paul Tudor Jones


"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." – George Soros


"Risk comes from not knowing what you're doing." – Warren Buffett


"The four most dangerous words in investing are: ‘this time it’s different.’" – Sir John Templeton


"The stock market is never obvious. It is designed to fool most of the people, most of the time." – Jesse Livermore


"I learned that an easy way to lose money is to take advice from someone who talks a lot about trading but doesn't do it." – Larry Hite


"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." – Charles Darwin (often applied to trading)


"Every once in a while, the market does something so stupid it takes your breath away." – Jim Cramer


"I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes." – George Soros


"The markets can remain irrational longer than you can remain solvent." – John Maynard Keynes


"The trend is your friend until the end when it bends." – Ed Seykota


"Amateurs think about how much money they can make. Professionals think about how much money they could lose." – Jack Schwager


"Do more of what works and less of what doesn’t." – Steve Clark


"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." – Ed Seykota


"I always laugh at people who say, 'I’ve never met a rich technician.' I love that! It’s such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician." – Marty Schwartz


"It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong." – George Soros


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


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


"In investing, what is comfortable is rarely profitable." – Robert Arnott


"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." – Warren Buffet


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