Trading Quotes¶

Memorable quotes and wisdom from traders I follow.

Matt (Trading Equilibrium)¶

Simple Truths (Core Principles)¶

Foundational Wisdom

From Matt's official framework document - these cut through noise and anchor you to reality.

Price Action: - Nothing goes straight up or straight down. - It either works or it doesn't. - You will lose every single argument you have with price.

Strategy: - Know your dance partner. - There is no free lunch.

Priorities: - Environment > Setup - Reaction > Prediction

Tactical Wisdom¶

Believe your eyes.
Charts are not predictive.
No need to wear your Nostradamus hat.
Stay engaged, keep doing the daily process; at the same time don't rush or give into FOMO.
From failed moves come fast moves (e.g. if price tries to break all-time highs several times and fails, then we could see a sharp decline).
Less is MORE.

Patience & Process¶

Operating with Rationality

Do you ever notice a sense of urgency in his decision making? Did he ever say, "Buy this now"? Always operate with rationality.

If you miss an entry, so be it. You will get an opportunity after a pullback, because nothing goes straight up and nothing goes straight down.
Have patience and wait for trades to come to you.

Philosophy¶

Teaching to Think

"I am not telling you what to think, I am telling you to think."

Gareth Soloway's Quotes¶

Bears sound smart but bulls make money.
The market can stay irrational longer than you can stay solvent.
Wait for re-test to the scene of the crime.
Maret takes stairs up and elevator down.
Fed is your friend. Don't fight the fed.

Peter Lynch¶

"More money has been lost trying to anticipate or call market corrections than actually in the corrections themselves."

^Source

Hari Seldon's Quotes¶

When in doubt, zoom out.
In highly volatile markets, rely on daily and weekly charts (e.g., 200 day SMA). Intraday signals may fail in these environments.