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“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee, Paradigm Shift: How to cultivate equanimity in the face of market uncertainty

“You must not be a seller if not a buyer in a massive down-turn.”
― Naved Abdali

“Whatever anybody does or does not do is based on either greed or fear.”
― Naved Abdali

“One emotionally-driven investment that causes massive losses is enough to keep you away from all investments for life.”
― Naved Abdali

“Investments are not a lottery; if it feels like the lottery, stay away from it.”
― Naved Abdali

“Somehow, we believe that we have a better chance of winning a game of probabilities, totally disregarding that everybody who is playing the game has the same possibility of winning.”
― Naved Abdali

“The combination of our natural desire to be better than our peers, our faulty assumption of dodging risk, and our flawed belief of having better chances than others, pushes us into excessive greed territory. We take more significant and sometimes fatal risks.”
― Naved Abdali

“Having access to better information is not synonymous with better decisions.”
― Naved Abdali

“This tendency of overconfidence and poor outcomes is not confined to only retail investors. Institutional investors suffer from overconfidence equally if not more, and their investment results are not superior either.”
― Naved Abdali

“Identical information can lead to opposite conclusions based on relative perceptions of its receivers.”
― Naved Abdali

“Humans are not machines. They analyze information through the lenses of their experience, knowledge, and cognitive biases. All of it makes their perception, their
unique viewpoint.”
― Naved Abdali

“Generally, a cheap stock is cheap for a reason. If you don’t know the reason, you will be better off investing your capital elsewhere.”
― Naved Abdali

“A trader needs to be highly skilled and extremely lucky to beat the market consistently. If a trader is highly skilled but not lucky enough or extremely lucky but modestly skilled, he will beat the market occasionally but not consistently. Traders that are modestly skilled and modestly lucky will briefly beat the market but will be behind the market most of the time. Everybody else will lose money on a long-term basis, that is, 90% of the traders.”
― Naved Abdali

“Trading is buying and selling to exploit a change in the price. Investing is acquiring assets for economic reasons.”
― Naved Abdali

“The outcome of an investment does not make it right or wrong.”
― Naved Abdali

“Investors need to keep their emotions in check for a successful investment career. It is the most important requirement. It’s even more critical than having access to capital and markets.”
― Naved Abdali

“If your plan is to sell your holdings to another person at a higher price, then it is not an investment. It is gambling on finding a bigger idiot. What if the biggest idiot that can be
found is you?”
― Naved Abdali

“Once you have a plan, always invest within the boundaries and parameters of your plan. Never bend your rules to accommodate your guts.”
― Naved Abdali

“Never bend your rules to accommodate your guts.”
― Naved Abdali

“Greed and fear are both good and healthy for an investor and capital markets as a whole. Emotions are like fire, beneficial if controlled, destructive if wild.”
― Naved Abdali

“Greed and fear are in our DNA. We can’t get rid of them, but we can learn how to keep them in check.”
― Naved Abdali

“Be realistic about potential market returns, and be aware of possible risks.”
― Naved Abdali

“Have a plan. In writing.”
― Naved Abdali

“The more investors do active trading, the more it makes sense to do passive investing.”
― Naved Abdali

“If a strategy is widely available for free or is offered on a small payment can never work. A secret is not a secret if a YouTube commercial offers it for a small payment of a hundred dollars.”
― Naved Abdali

“All technical indicators generate accurate signals along with a lot of false ones.”
― Naved Abdali

“When the crypto market is dumping, but you refuse to sell anything - you are at this period a legend!”
― Olawale Daniel

“Your hardest times In Trading often lead to the greatest moments of your life. Keep going. Tough Trading time build strong Traders in the end”
― Jayesh Thakkar

“In the bull season, you trade attention, not the fundamentals. Attention equals liquidity and it is your duty to follow the money.”
― Olawale Daniel

“In Trading, Every Setback is a Setup for a Comeback.”
― Zalman Sulaymanov, How To Suck Less At Day Trading: The Ultimate No-Nonsense Guide For Retail Traders on Getting A Reach Around From The Markets