Staying positive is not always easy, especially when the markets move against you. We all need a little inspiration to keep us going sometimes. Here are some memorable quotes about trading and investing by those, who know best.

“At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend”

– Ralph Nelson Elliott

“The public, as a whole, buys at the wrong time and sells at the wrong time”

– Charles Dow

“A leader does not control his country’s economy, but the economy mightily controls his image”

– Robert Prechter, Jr.

“In the market, the fear of losing one’s fortune is every bit as intense as the fear of losing one’s life from an attack by a wild animal”

– Mark Douglas

“The stock market is inherently misleading. Doing what everybody else is doing can often be wrong”

– Charles Brandes

“I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I have never forgotten that”

– Jesse Livermore

“It is essential to wait for trades with a good risk/reward ratio. Patience is a virtue for a trader”

– Alexander Elder

“While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster”

– Benjamin Graham

“The worst enemy to any stock traders and investors are Greed, Fear and unfounded Hope”

– Benjamin Lee

“The problem with experts is that they do not know what they do not know”

– Nassim Nicholas Taleb

“The best profits in the stock market are made by people, who get long or short at extremes and stay for months or years before they take their profits”

– Charles Dow

“But it’s your job to know!” they say – to which I always reply, “No, it’s my job to tell people that nobody really knows”

– Brett Arends

“What the wise man does in the beginning, the fool does in the end”

– Warren Buffett

“The three most harmful addictions are heroin, carbohydrates and a monthly salary”

– Nassim Nicholas Taleb

“A lagging indicator is something that tells you what is going to happen after it already happened”

– Coreen T. Sol

“Money is made by sitting, not trading”

– Jesse Livermore

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong”

– George Soros

“In other words, don’t worry about missing an opportunity today, because there will be another one tomorrow, next week and next month… I promise”

– Jeffrey Kennedy

“The mistake is not being wrong. The mistake is staying wrong”

– John Hill

“Volatility is not the same thing as risk, and anyone who thinks it is will cost themselves money”

– Warren Buffett

“Given enough time, very low probability events not only can happen, but they absolutely will happen”

– Lloyd Blankfein

“The way to make money is to buy when blood is running in the streets”

– John D. Rockefeller

“Nobody can catch all the fluctuations”

– Jesse Livermore

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria”

– Sir John Templeton

“A mistake is when you don’t follow your rules. If you don’t have rules in trading, everything you do is a mistake”

– Van K. Tharp

“The grim reaper, who kills off “your equity” and disappears with your profits, is not the mysterious and ubiquitous “they”, but a simple misguided “you”

– Timothy Slater

“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell”

– Tom Basso

“Men who can both be right and sit tight are uncommon”

– Jesse Livermore