25 trading tips from the world’s top traders! Every word is precious!

1. Money is not made by frequent transactions, but by "sitting" patiently.
“Money is made by sitting, not trading.”
                                                        ——Jesse Livermore
2. “Throughout my career in finance, I have constantly witnessed examples of people failing because they didn’t respect risk. If you don’t take risk seriously, it will come back to destroy you.”
                                                                    ——Larry Hite
3. “Letting losses expand is the most serious mistake most investors make.”
                                                            ——William O’Neil
4. Michael Marcus (another top trader) taught me one very important thing: you have to be willing to be wrong from time to time; it’s okay to be wrong. Michael told me, try to make your best judgment. If you are wrong, make your best judgment again. If you are wrong again, make your best judgment the third time, and you can double your money.
                                                             ——Bruce Kovner
5. Trading taught me a painful lesson. That's when I said to myself: "You idiot! Why take such a huge risk on a trade? Why let your life feel pain instead of pursuing happiness?"
                                                      ——Paul Tudor Jones
6. “There are three major factors in a good deal:
(1) Stop loss;
(2) Stop loss;
(3) Stop loss.
If you can strictly abide by these 3 rules, you may still have a chance to succeed in trading. "
                                                                 ——Ed Seykota
7. "If I lose money in the market, I will get out immediately. It doesn't matter which market I trade in. I will get out anyway, because once you lose money, it will be difficult for you to be objective in your subsequent trading decisions... ..If the market completely deviates from your expectations and you insist on staying in the market, sooner or later you will be eliminated.”
                                                            ——Randy McKay
8. "Honestly, I never look at the market, I only look at risk, return and capital."
                                                                     ——Larry Hite
9. When a trade goes through, I'm thinking: "I made the right decision. But if I'm wrong, there's nothing left. I need to build up capital because there's always the next trade."
                                                          ——Marty Schwartz
10. “I always limit my risk so I don’t have to worry about anything else.”
                                                                 ——Tony Saliba
11. “The key to successful trading is controlling emotions. If IQ was the key, a large number of people would already be making profits... I know this sounds a bit cliché, but it is the most common reason for traders to lose money in the financial market. The reason is that they cannot stop losses in time."
                                                       ——Victor Sperandeo
12. “I think investment psychology is by far the most important factor, followed by risk control, and finally considering where to buy and sell.”
                                                                   ——Tom Basso
13. "If the market goes against me, I will get out immediately. If it goes for me, I will continue to hold the position...Risk control is the most important thing in trading. If a losing position makes you feel bad , it’s simple: get out now, because you’ll always have the chance to re-enter the trade.”
                                                      ——Paul Tudor Jones
14. "I realized very early on that there is nothing new on Wall Street. There can be no new things, because the history of speculative trading is too long. Everything that happens in the market has happened before, and will happen again in the future. It happens over and over again. I've never forgotten that."
                                                       ——Jesse Livermore
15. “Learn to accept losses. If you want to make a profit, the most important prerequisite is not to let the losses exceed your tolerance.
                                                       ——Marty Schwartz”
16. "Regardless of market conditions and just keeping trading, this is the root cause of losses for Wall Street, including many professional traders. They have a sense of urgency to make profits every day, even if they only receive ordinary salaries."
                                                      ——Jesse Lovermore
17. “The goal of a successful trader is to make the best trade. Profitability should come second.”
                                                       ——Alexander Elder
18. “I have found over the years that after making profits in the market, it is very important to give yourself a few days off to relax. People tend to work hard until they can no longer make profits. But experience tells me that taking a good rest in the middle can actually prolong this period. Momentum for success.”
                                                         ——Marty Schwartz
19. "As long as I lose money, I will continue to reduce my investment in the transaction... My money management skills are very conservative. I never invest the majority of my account funds, let alone all my assets."
                                                              ——Randy McKay
20. "If you are a good trader, it only means that you may be correct 6 times out of 10 trades. You cannot be correct 9 times out of 10."
                                                               ——Peter Lynch
21. “It takes 20 years to build a business and only 5 minutes to destroy it. Understanding this will change the way you do things.”
                                                          ——Warren Buffett
22. “Investments that feel right to you usually don’t make you profitable.”
                                                           ——Robert Arnott
23. "I always think about losses, not profits. Don't focus on profits, you should focus on how to protect what you already have."
                                                      ——Paul Tudor Jones
24. "The market is always in a state of eternal change and uncertainty. Trends that are too obvious may be illusions. Only by trading in unexpected trends can you make a profit."
                                                             ——George Soros
25. “When a crocodile hunts, he must first understand his prey, know where to find it, and stay calm and patient before it appears. As traders, we need to know where our advantages are, how to use these advantages, and then All it takes is self-management and not overtrading before a good opportunity presents itself.”
                                                                   ——Nial Fuller