“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.” Warren Buffett
"Protect your downside; the upside will take care of itself." — Mark Cuban
"Amateurs think about how much money they can make. Professionals think about how much money they could lose." — Jack Schwager
"The goal of a successful trader is to make the best trades. Money is secondary." — Alexander Elder
"In trading, it's not about being right or wrong. It's about how much you make when you're right and how much you lose when you're wrong." — George Soros
"Letting losses run is the most serious mistake made by most investors." — William O'Neil
"Risk comes from not knowing what you're doing." — Warren Buffett
"Cut your losses short, let your winners run." — Old trading adage
"Trade what you see, not what you think." — Linda Raschke
"The market is a device for transferring money from the impatient to the patient." — Warren Buffett
"The market doesn’t care how much you need to win. Manage the trade, not your emotions." — Karen Bruton ("Karen the Supertrader")
“Most traders lose not because of strategy, but because of ego.” — Jeff Augen
"You don't need to catch the whole move, just the high-probability part." — Don Kaufman
"Trading is a journey of self-discovery." — Brett Steenbarger
"Every trader has strengths and weaknesses. Some are good at riding trends, some are better at trading ranges. The key is to find your own style." — Mark Douglas
"The trend is your friend until the end when it bends." — Ed Seykota
“Don’t focus on making money; focus on protecting what you have.” - Paul Tudor Jones
“Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice.” - Bruce Kovner
“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
“A loss never bothers me after I take it. I forget it overnight. But being wrong—not taking the loss—that is what does damage to the pocketbook and to the soul.” - Jesse Livermore
“The most important rule of trading is to play great defense, not great offense.” - Paul Tudor Jones
"I always say that you could publish my rules in a newspaper and no one would follow them. The key is consistency and discipline." — Richard Dennis
Don't be the gambler, be the casino. — Old adage
"The market is a device for humbling those who think they can outsmart it." — Jim Cramer
"The market can remain irrational longer than you can remain solvent." — John Maynard Keynes