Top 15 trading quote by George Soros

Psychology of the merchant

• “Shame does not come when we make mistakes, but only when we do not correct our mistakes.”

• “I was a man before I became a businessman.”

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

• “For others, the mistake is a source of shame. For me, admitting mistakes is a source of pride. “

• “As we make our way around the world, our sense of self develops. The connection between what we think we are and what we really are is the key to happiness – in other words, it provides the subjective meaning of life. “

• “Only those who are successful in the race are able to make changes to the conditions under which the race takes place.”

Risk Management

• “I’m rich only because I know when I’m wrong… I generally survived by admitting my mistakes.”

• “My approach doesn’t work by making the right predictions, but by allowing me to correct the wrong ones.”

Method

• “Survive first and then make money.”

• “If investing is fun, if you’re having fun, you’re probably not making money. Good investment is boring. “

• “Markets are constantly in a state of uncertainty, and money is earned by giving in to the obvious and betting on the unexpected.”

• “Financial markets are usually unpredictable. So one has to have different scenarios. The idea that you can actually predict what will happen contradicts my way of looking at the market. “

• “It’s not about whether you’re right or not, it’s how much money you make when you’re right and how much you lose when you’re wrong.”

• “If I had to summarize my practical skills, I would use one word: survival.”

• “My caution may cost me dearly, but it will also ensure my survival.”

Soros’s words contain wisdom that can help a trader looking for success in the markets get much closer to finding him.