Trader Quotes

“Under the spreading chestnut tree
I sold you and you sold me--”
― George Orwell, 1984

“An Individualist is a man who lives for his own sake and by his own mind; he neither sacrifices himself to others nor sacrifices others to himself; he deals with men as a trader - not as a looter; as a producer - not as a Attila.”
― Ayn Rand, The Virtue of Selfishness: A New Concept of Egoism

“An average trader loses money, so in this profession, you need to be way above average to make consistent money trading the markets.”
― Henrique M. Simões, Trading Course: How to Become a Consistently Winning Trader

“Markets are not efficient enough to incorporate actual inherent risk, given information bias, and emotionally challenged participants. Instead, prices are adjusted up to the cumulative perceived risk of all participants.”
― Naved Abdali

“The last transaction price is the least accurate measure of the fair value.”
― Naved Abdali

“Prices are dominated by the minority, and values are governed by the majority.”
― Naved Abdali

“Most of the traders think and act like gamblers. They believe that they can outsmart the rest of the players with the help of a trading system. They take investing as a game, and daily quotes are their scorecards.”
― Naved Abdali

“Traders, as a group, always fall short of investors.”
― Naved Abdali

“Traders try to beat the market but don’t understand that cumulatively they are the market.”
― Naved Abdali

“Trading is not only a zero-sum game but an aggregate negative after deducting the trading cost and research expenses. Somebody’s gain is somebody’s loss, so the professional traders win the game because they have significant advantages over retail traders.”
― Naved Abdali

“Traders and investors are humans, full of emotions, behavior biases, and good and bad past experiences. We don’t have much control over psychological shortcomings, and we routinely make decisions contaminated with our emotions and biases.”
― Naved Abdali

“I know people who repeatedly jump from one guru to the next in search of the Holy Grail of trading. Of course, it doesn’t exist, but you need to know this fact to stop looking for it.”
― Naved Abdali

“I am sure some people are very skilled, and trading comes easy for them, but it is a game of chance for most of us.”
― Naved Abdali

“As a group, traders’ net return will always be lower than investors by the amount of transaction cost, plus research expenses.”
― Naved Abdali

“I am a Man, maybe a Myth, and not yet a Legend.”
― Avijeet Das

“The traders fought forever, clawing and stabbing and chewing through intangible concepts with enemies who fought with the same skills and the same mindset, fever against furious fever, their words and plans more vicious than any blade, cutting with a terrible precision and purpose as their cunning spirits warred.”
― Steven Raaymakers, Blade of the Wanderer

“War—whether waged with weapons or tariffs—brings only loss. Civilization thrives on cooperation, not conflict.”
― Bhuwan Thapaliya