Favorite Quotes

Last updated: 03/25/2016
A collection of some of my favorite quotes and excerpts.


“It's a fundamental shift in attitude that accounts for their success, not some brilliant realization about the market, as most people erroneously assume. This erroneous assumption is prevalent among traders simply because very few of them really understand, at the deepest levels, just how critical a component attitude is in determining one's success.” – Mark Douglas

“Attitude produces overall better results than analysis or technique. Of course, the ideal situation is to have both, but you really don't need both, because if you have the right attitude, the right mind-set, then everything else about trading will be relatively easy, even simple, and certainly a lot more fun.” – Mark Douglas

“If you want to change your experience of the markets from fearful to confident, if you want to change your results from an erratic equity curve to a steadily rising one, the first step is to embrace the responsibility and stop expecting the market to give you anything or do anything for you. If you resolve from this point forward to do it all yourself, the market can no longer be your opponent. If you stop fighting the market, which in effect means you stop fighting yourself, you'll be amazed at how quickly you will recognize exactly what you need to learn, and how quickly you will learn it. Taking responsibility is the cornerstone of a winning attitude.” – Mark Douglas

"What you think, you become.
What you feel, you attract.
What you imagine, you create."
- Buddha

"The secret to being in the right place, at the right time, is knowing you always are." - unknown

“The third important ingredient for achieving peak performance is attitude. Attitude is how you deal with the inevitable adverse situations that occur in the markets. Attitude is also how you handle the daily grind, the constant 2 steps forward and 2 steps back.” – Linda Bradford Raschke

"I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego from the trade. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring." – Marty Schwartz

“A great attitude does much more than turn on the light in our worlds; it seems to magically connect us to all sorts of serendipitous opportunities that were somehow absent before we changed.” – Earl Nightingale

“Our minds become magnetized with the dominating thoughts which we hold in our minds, . . . and these “magnets” attract to us the forces, the people, the circumstances of life which harmonize with the nature of our dominating thoughts.” – Napoleon Hill

“Success or failure in business is caused more by the mental attitude even than by mental capacities.” – Walter Scott

“Life is just a mirror, and what you see out there, you must first see inside of you.” – Wally “Famous” Amos

“There is nothing either good or bad, but thinking makes it so.” – William Shakespeare

“The real voyage of discovery consists not in seeing new landscapes, but in having new eyes.” – Marcel Proust

“Whatever one frequently thinks and ponders upon, that will become the inclination of his mind.” – Buddha

“If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” – Marcus Aurelius

“It's not what happens to you, but how you react to it, that matters.” – Epictetus

“Change your thoughts and you change your world.” – Norman Vincent Peale

“Is it hard? Not if you have the right attitude. It's having the right attitude that's hard.” – Robert Pirsig, Zen and the Art of Motorcycle Maintenance

“You cannot solve a problem with the same mind that created it.” – Albert Einstein

“Trouble is inevitable but misery is optional.” – Haruki Murakami

“This art of resting the mind and the power of dismissing from it all care and worry is probably one of the secrets of energy in our great men.” – J. A. Hadfield

“Nobody grows old by merely living a number of years. People grow old by deserting their ideals. You are as young as your faith, as old as your doubt; as young as your self–confidence, as old as your fear; as young as your hope, as old as your despair.” – Douglas MacArthur

“Everything can be taken from a man but one thing: the last of the human freedoms – to choose one's attitude in any given set of circumstances, to choose one's own way.” – Viktor E. Frankl

“Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it.” – Lou Holtz

“Not in the clamor of the crowded street, not in the shouts and plaudits of the throng, but in ourselves, are triumph and defeat.” – Henry Wadsworth Longfellow

“Only as far as I reach can I grow,
Only as far as I seek can I go,
Only as deep as I look can I see,
Only as much as I dream can I be.” – Karen Ravn

“What lies behind us and what lies ahead of us are tiny matters to what lies within us.” – Ralph Waldo Emerson

“If you realize that all things change, there is nothing you will try to hold on to. If you are not afraid of dying, there is nothing you cannot achieve.” – Lao Tzu

“When an archer shoots for enjoyment, he has all his skill; when he shoots for a brass buckle, he gets nervous; when he shoots for a prize of gold, he begins to see two targets.” – Chuang Tzu

“Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present.” – Marcus Aurelius Antoninus

“We have been taught to believe that negative equals realistic and positive equals unrealistic.” – Susan Jeffers

“Change the way you look at things and the things you look at change.” – Wayne W. Dyer

“Man alone, of all the creatures of the earth, can change his own pattern. Man alone is the architect of his own destiny. The greatest discovery in our generation is that human beings, by changing the inner attitudes of their minds, can change the outer aspects of their lives.” – William James

“What's true in sports is also true in our business and personal lives. There is only a fractional difference between winners in life and those who merely exist. The difference is attitude under pressure. It's the winner's edge. The Edge is not a gifted birth. The world is full of wasted talent. The Edge is not academic degrees. Education is important, but the world is full of educated misfits. The Edge is not luck. If it were, Las Vegas would be a ghost town. The Edge is not capital. Many of today's self–made, multi–millionaires started building their fortunes with under $5,000. The Edge is all attitude. Attitude, not aptitude, is the criterion for success.” – Denis Waitley

“Excellence is not a skill. It is an attitude.” – Ralph Marston

"Poverty consists in feeling poor." – Ralph Waldo Emerson

“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” – Thomas Jefferson

“Attitude is a little thing that makes a big difference.” – Winston Churchill

“Your attitude, not your aptitude, will determine your altitude.” – Zig Zigler

“There is little difference in people, but that little difference makes a big difference. The little difference is attitude. The big difference is whether it is positive or negative.” – W. Clement Stone

“A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results.” – Wade Boggs

“Our environment, the world in which we live and work, is a mirror of our attitudes and expectations.” –Earl Nightingale

“Our attitudes control our lives. Attitudes are a secret power working twenty-four hours a day, for good or bad. It is of paramount importance that we know how to harness and control this great force.” – Irving Berlin

“When you are thwarted, it is your own attitude that is out of order.” – Meister Eckhart

“The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind.” – James Truslow Adams

“Our attitude toward life determines life's attitude toward us.” – John N. Mitchell

“Happiness depends upon ourselves.” – Aristotle

“People are just as happy as they make up their minds to be.” – Abraham Lincoln

“An optimist is the human personification of spring.” – Susan J. Bissonette

“Achieve self-mastery over your thoughts, and constantly direct them toward your goals and objectives. Learn to focus your attention on the goals that you want to achieve and on finding ways to achieve those goals.” – Napoleon Hill

“Waking up this morning, I smile. Twenty-four brand new hours are before me. I vow to live fully in each moment.” – Thich Nhat Hanh

“What we see depends mainly on what we look for.” – John Lubbock

“Your present circumstances don’t determine where you can go; they merely determine where you start.” – Nido Qubein

“If you can dream it, you can do it.” – Walt Disney


“The healthiest of all human emotions is gratitude.” – Zig Ziglar

“Gratitude for the abundance you have received is the best insurance that the abundance will continue.” – Mohammad

"Have an attitude of gratitude. The more you recognize and express gratitude for the things you have, the more things you will have to express gratitude for." – Zig Ziglar

"If you start being grateful for what you have, you will begin to see that you have more. That is how you increase abundance in your life, is by seeing what you already have." - Oprah Winfrey

“Reflect upon your present blessings, of which every man has many – not on your past misfortunes, of which all men have some.” – Charles Dickens

“When I started counting my blessings, my whole life turned around.” – Willie Nelson

“It is only with gratitude that life becomes rich.” – Dietrich Bonhoeffer

“God gave you a gift of 86,400 seconds today. Have you used one to say ‘thank you’?” – William A. Ward

“To speak gratitude is courteous and pleasant, to enact gratitude is generous and noble, but to live gratitude is to touch Heaven.” – Johannes Gaertner

“I started out giving thanks for small things, and the more thankful I became, the more my bounty increased. That’s because what you focus on expands, and when you focus on the goodness in your life, you create more of it. Opportunities, relationships, even money flowed my way when I learned to be grateful no matter what happened in my life.” – Oprah Winfrey

“When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love.” – Marcus Aurelius

“Then give to the world the best you have. And the best will come back to you.” – Madeline Bridges

"Gratitude is a vaccine, an antitoxin, and an antiseptic." - John Henry Jowett

"Gratitude is riches. Complaint is poverty." - Christian Science Hymnal


“The true sign of intelligence is not knowledge but imagination.” – Albert Einstein

“This world is but a canvas to our imaginations.” – Henry David Thoreau

“Logic will get you from A to B. Imagination will take you everywhere.” – Albert Einstein

“Formulate and stamp indelibly on your mind a mental picture of yourself as succeeding. Hold this picture tenaciously. Never permit it to fade. Your mind will seek to develop the picture…Do not build up obstacles in your imagination.” – Norman Vincent Peale

“I believe in the imagination. What I cannot see is infinitely more important than what I can see.” – Duane Michals

“I believe that visualization is one of the most powerful means of achieving personal goals.” – Harvey Mackay

“Visualize this thing that you want, see it, feel it, believe in it. Make your mental blue print, and begin to build.” – Robert Collier

“Visualization lets you concentrate on all the positive aspects of your game.” – Curtis Strange

“I visualized where I wanted to be, what kind of player I wanted to become. I knew exactly where I wanted to go, and I focused on getting there.” – Michael Jordan

“The key to effective visualization is to create the most detailed, clear and vivid a picture to focus on as possible. The more vivid the visualization, the more likely, and quickly, you are going to begin attracting the things that help you achieve what you want to get done.” – George St-Pierre (GSP)

“If you can see the invisible, God will do the impossible.” ― Joel Osteen

“Real difficulties can be overcome; it is only the imaginary ones that are unconquerable.” – Theodore N. Vail

“Whatever the mind of man can conceive, it can achieve.” – W. Clement Stone

“Imagination is the true magic carpet.” – Norman Vincent Peale


“Fear is not real. The only place that fear can exist is in our thoughts of the future. It is a product of our imagination, causing us to fear things that do not at present, and may not ever, exist. That is near insanity. Do not misunderstand me – danger is very real, but fear is a choice. We are all telling ourselves a story, and that day mine changed.” Will Smith – After Earth

“If you listen to your fears, you will die never knowing what a great person you might have been.” – Robert H. Schuller

“The only limit of our realization of tomorrow will be our doubts of today. Let us move forward with strong and active faith.” – Franklin D. Roosevelt

“Faith activates God - Fear activates the Enemy.” ― Joel Osteen

“When you doubt your power, you give power to your doubt.” – Honore de Balzac

“Our doubts are traitors, and make us lose the good we oft might win.” – William Shakespeare


“One can have no smaller or greater mastery than mastery of oneself.” – Leonardo da Vinci

“Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.” – Lao–Tzu

"We are what we repeatedly do. Excellence then, is not an act, but a habit." - Aristotle

“Great ability develops and reveals itself increasingly with every new assignment.” – Baltasar Gracian y Morales


“Shallow men believe in luck. Strong men believe in cause and effect.” – Ralph Waldo Emerson

“What we call luck is the inner man externalized. We make things happen to us.” – Robertson Davies

“Luck is what you have left over after you give 100 percent.” – Langston Coleman

“A pound of pluck is worth a ton of luck.” – James A. Garfield


“Believe it is possible to solve your problem. Tremendous things happen to the believer. So believe the answer will come. It will.” – Norman Vincent Peale

“Do not pray for tasks equal to your powers; pray for powers equal to your tasks.” – Phillips Brooks

“Faith consists in believing when it is beyond the power of reason to believe. It is not enough that a thing be possible for it to be believed.” – Voltaire

“You were built to believe, designed to receive...” – Mike Dooley

“If thou canst believe, all things are possible to him that believeth.” – Mark 9:23


"Wise sayings often fall on barren ground, but a kind word is never thrown away." – Arthur Helps

“You can make more friends in two months by becoming really interested in other people than you can in two years by trying to get other people interested in you. Which is just another way of saying that the way to make a friend is to be one.” – Dale Carnegie

“Kind words are the music of the world. They have a power which seems to be beyond natural causes, as if they were some angel's son which had lost its way and come on earth.” – Frederick William Faber

“When you forgive, you in no way change the past – but you sure do change the future.” – Bernard Meltzer

“Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one getting burned.” – Gautama Buddha

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” – Mark Twain

“Selfishness is not living as one wishes to live, it is asking others to live as one wishes to live.” – Oscar Wilde

“There is nothing stronger in the world than gentleness.” – Han Suyin

“No act of kindness, no matter how small, is ever wasted.” - Aesop

“The greatest gift that you can give to others is the gift of unconditional love and acceptance.” – Brian Tracy

“A hug is like a boomerang – you get it back right away.” – Bil Keane

“Think twice before you speak, because your words and influence will plant the seed of either success or failure in the mind of another.” – Napoleon Hill


“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas Edison

“The teacher may make a suggestion that will open up a line of thought for you, or he may point out a way that has proved of value to him; and thus save you much time and trouble. But you must do the real work yourself.” – William Atkinson

“The only place success comes before work is in the dictionary.” – Vince Lombardi

“Great ideas originate in the muscles.” – Thomas A. Edison

“The harder I work, the luckier I get.” – Samuel Goldwyn

“Work keeps us from three great evils: boredom, vice and poverty.” – Voltaire

“The secret of success is to do the common things uncommonly well.” – John D. Rockefeller Jr.

“Nothing will serve you better than a strong work ethic. Nothing. And it's something that you can't teach. You have to be thrown into it, where you're going to sink or swim. It's amazing how self–correcting and how clarifying a good, hard, shitty job can be. Because at the end of the day, any profession I've seen anybody in, when you peer behind the curtains of Oh, wouldn't that be a great job? Wow, what an amazing thing, a philanthropic endeavor! it really just comes down to It's a f**king grind.” – Robert Downey Jr., Esquire May 2012.

“Let him who would enjoy a good future waste none of his present.” – Roger Babson

“Mozart became Mozart by working furiously hard.” – Alex Ross

“Vision without execution is hallucination.” – Thomas Edison

“Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” – Jerry Rice


“Rock bottom is a powerful place.”

“I was set free because my greatest fear had been realized, and I still had a daughter who I adored, and I had an old typewriter and a big idea. And so rock bottom became a solid foundation on which I rebuilt my life.” – J. K. Rowling


“Success is how high you bounce when you hit bottom.” – George S. Patton

“A victor’s mentality becomes a victor’s reality.” – Joel Osteen

“All you need in this life is ignorance and confidence; then success is sure.” – Mark Twain

“Success isn’t a result of spontaneous combustion. You must set yourself on fire.” – Arnold H. Glasow

“A minute’s success pays the failure of years.” – Robert Browning

“An unhurried sense of time is in itself a form of wealth.” – Bonnie Friedman


“We are made to persist. That’s how we find out who we are.” – Tobias Wolff

“Effort only fully releases its reward after a person refuses to quit.” – Napoleon Hill

“Energy and persistence conquer all things.” – Benjamin Franklin

“Constant dripping hollows out a stone.” – Lucretius

“The greatest results in life are usually attained by simple means and the exercise of ordinary qualities. These may for the most part be summed in these two: common sense and perseverance.” – Owen Feltham

“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” – John C. Maxwell

“Remember, a person who wins success may have been counted out many times before. He wins because he refuses to give up.” – Kemmons Wilson

“Always remember that the future comes one day at a time.” – Dean Acheson

“He that can have patience can have what he will.” – Benjamin Franklin

“Always remember that the future comes one day at a time.” – Dean Acheson

“Try, try, try, and keep on trying is the rule that must be followed to become an expert in anything.” – W. Clement Stone

“Our real blessings often appear to us in the shape of pains, losses, and disappointments; but let us have patience and we soon shall see them in their proper figures.” – Joseph Addison

“When nothing seems to help, I go look at a stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before.” – Jacob Riis


“It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you have failed by default.” – J. K. Rowling

“Failure is simply the opportunity to begin again, this time more intelligently.” – Henry Ford

“There can be no real freedom without the freedom to fail.” – Eric Hoffer

“I've missed more than nine thousand shots in my career. I've lost almost three hundred games. Twenty–six times I've been trusted to take the game–winning shot and missed. I've failed over and over and over again in my life...and that is why I succeed.” – Michael Jordan

“Fall down seven times, stand up eight.” – Japanese proverb

“Our greatest glory is not in never failing, but in rising up every time we fail.” – Ralph Waldo Emerson

“Why do I talk about the benefits of failure? Simply because failure meant a stripping away of the inessential. I stopped pretending to myself that I was anything other than what I was, and began to direct all my energy into finishing the only work that mattered to me.” – J. K. Rowling

“Defeat is not the worst of failures. Not to have tried is the true failure.” – George Edward Woodberry

“We learn wisdom from failure much more than from success. We often discover what will do by finding out what will not do; and probably he who never made a mistake never made a discovery.” – Samuel Smiles

“Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.” – Thomas Edison

"Success is walking from failure to failure with no loss of enthusiasm." – Winston Churchill


“Obstacles are those frightful things you see when you take your eyes off your goal.” – Henry Ford

“It is difficulties that show what men are.” – Epictetus

“A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing.” – George Bernard Shaw

“Mistakes are the portals of discovery.” – James Joyce

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.” – Helen Keller

“Anyone who has never made a mistake has never tried anything new.” – Albert Einstein

“The greater the difficulty, the more the glory in surmounting it.” – Epicurus

"Experience: that most brutal of teachers. But you learn, my God do you learn." – C.S. Lewis

“Difficulties break some men but make others.” – Nelson Mandela

“Anyone who has never made a mistake has never tried anything new.” – Albert Einstein

“Adversity is the diamond dust that heaven polishes its jewels with.” – Thomas Carlyle


“Every man dies. Not every man really lives.” – William Wallace


“A good plan, violently executed now, is better than a perfect plan next week.” – George S. Patton

“To dare is to lose one's footing momentarily. To not dare is to lose oneself.” – Soren Kierkegaard

“Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” – Carl Sandburg

“Do not wait; the time will never be just right.” – Napoleon Hill

“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation) there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would come his way. Each indecision brings its own delays and days are lost lamenting over lost days...What you can do or think you can do, begin it. For boldness has magic, power, and genius in it.” – Johann Wolfgang von Goethe

“It seems to me that most people have vast potential. Most people can do extraordinary things if they have the confidence or take the risks. Yet most people don’t. They sit in front of the telly and treat life as if it goes on forever.” – Philip Adams

“Anything's possible if you've got enough nerve.” – J. K. Rowling

“It is only by following your deepest instinct that you can lead a rich life, and if you let your fear of consequence prevent you from following your deepest instinct, then your life with be safe, expedient and thin.” – Katharine Butler Hathaway


“Education is not the filling of a pail, but the lighting of a fire.” – William Butler Yeats


“The Constitution only guarantees the American People the right to pursue happiness. You have to catch it yourself.” – Benjamin Franklin


“Fire above the mark you intend to hit. Energy, invincible determination, with the right motive, are the levers that move the world.” – Noah Porter

“The question isn’t who is going to let me, it’s who is going to stop me.” – Ayn Rand

“The most common way people give up their power is by thinking they don’t have any.” – Alice Walker


"People often say that motivation doesn't last. Well, neither does bathing – that’s why we recommend it daily." – Zig Ziglar


“As a weapon, in this war of poker, you have to teach yourself how to hit opponents over the head with your inaction.” – Zen and the Art of Poker


“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people always have to be playing; they always have to be doing something. They can't just sit there and wait for something new to develop. I wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” – Jim Rogers

“What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That’s all you need to know about the markets.” – Don Miller

You do not learn how to make $5000 in a day by losing $5000. Losing $5000 teaches you how to lose $5000. First learn how to not lose money, then make a small amount, then a little more, then a little more, then more…” – Mike Bellafiore

“Look to the left, trade to the right.” – DbPhoenix

"Let probability and sample size do the heavy lifting." – Don Miller

“I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn’t feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You’re much better off going into the market on a shoestring, feeling that you can’t afford to lose. I’d rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions.” – William Eckhardt

“But markets do not create victims; investors turn themselves into victims. Each trader controls his or her own destiny. No trader will find success without understanding this important principle at least subconsciously.” – Dr. Van K. Tharp

“The problem with the market is its like playing poker however; you always get to see the next cards even though the hand is over. You always see what would have happened. This is very difficult to deal with for many people. To be successful, you have to understand that trading is NOT about picking highs and lows, it’s about making money.” – Mark Minervini


“The ability to simplify means to eliminate the unnecessary so that the necessary can speak.” – Hans Hofmann

“Any fool can criticize, condemn, and complain – and most fools do.” – Dale Carnegie

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