36 Nick Schmidt Quotes For Traders and Investors
Ameet Rai
Electrical Engineer and Swing Trader focused on achieving super-performance. Through extensive studies of previous super-performance stocks and proprietary data-based research I provide guidance for new traders with an emphasis on building processes and teaching traders how to think and trade for themselves.
June 19, 2022
Nick Schmidt Quotes
Nick Schmidt is an investor, entrepreneur, and co-founder of TraderLion.
With over 9 years of stock market experience, Nick distills his most memorable lessons into the 36 quotes you’ll read below.
You can stay up to date with Nick and follow his Twitter here.
36 Nick Schmidt quotes for traders and investors.
You will gain more confidence from the losses you cut short rather than from your big wins.
Nick Schmidt
Your fear of losing money is ironically causing you to make bad decisions and lose more money.
Nick Schmidt
Be willing to take advice from others who are more experienced than you, but ultimately make your own decisions.
Nick Schmidt
The more pressure you put on yourself to make money in the market, the more difficult it becomes to actually make money.
Nick Schmidt
The best traders have internal confidence.
Nick Schmidt
They don’t listen to the noise around them. Instead, they focus on themselves and what they can control.
If you stop relying on someone else’s trades, you will be mind-blown by how fast you progress and how much you are capable of by yourself.
Nick Schmidt
Most trading errors can be minimized by sizing down.
Nick Schmidt
One undisciplined trade can undo months of progress.
Nick Schmidt
No matter how confident you are when you place a trade, remember that the outcome will always be random.
Nick Schmidt
Focus on your long-term goals and don’t get discouraged by short-term setbacks.
Nick Schmidt
Trading is not about being right all the time. It’s about making money in the long run.
Nick Schmidt
The key is to focus on managing your risk so you actually keep what you make.
All of my biggest losses came after my biggest wins.
Nick Schmidt
Always stay humble. Arrogance is a quick way to lose money in the market.
The only way to become a good trader is to first be a bad trader.
Nick Schmidt
Your trading will improve faster if you focus on one thing at a time.
Nick Schmidt
Don’t study everything and then try to remember it all.
It is important to enjoy the process. If you don’t, you won’t stick with it long enough to be successful.
Nick Schmidt
Discipline is more important than intelligence (without it, the market will eventually wipe you out).
Nick Schmidt
Most traders don’t develop the necessary discipline until they have felt the pain.
Nick Schmidt
That’s how it worked for me.
If you are hesitating when it’s time to execute, you haven’t completely accepted that the outcome of every trade is out of your control.
Nick Schmidt
You can do everything right and still lose money.
You have to go through the bad trades to get to the good ones.
Nick Schmidt
Trading is an art that you spend your whole life perfecting.
Nick Schmidt
I think it’s important to study the great traders instead of only studying great strategies.
Nick Schmidt
You need to have a support system in place to help you through tough times.
Nick Schmidt
The best traders think outside of the box.
Nick Schmidt
They think in a way that few other people do.
The moment you start thinking about how much money you can make, you’re setting yourself up for failure.
Nick Schmidt
To be great at trading, you need to put in the time and effort.
Nick Schmidt
No trader is perfect, and everyone has losing streaks.
Nick Schmidt
Trading is not black and white. There is no one-size-fits-all approach.
Nick Schmidt
New traders struggle so much because they are looking for answers that don’t exist.
A big ego is a sign of inexperience.
Nick Schmidt
The best traders are humble because at some point during their journey, they got their ass handed to them by the market.
Respect risk. You can make progress for months and then undo all of it in one undisciplined trade.
Nick Schmidt
The crowd will focus on complexity and try to reinvent the wheel.
Nick Schmidt
The best traders focus on simplicity and improve on what is known.
Good things take time, and trading is no different. You need to be patient and give yourself time to learn and grow.
Nick Schmidt
The most successful traders are the ones who have taken the time to understand themselves and their own motivations.
Nick Schmidt
The analysis is easy; it’s the execution that’s hard.
Nick Schmidt
If you are unwilling to lose, you will spend too much time checking your trades, over-analyzing, and making bad decisions.
Nick Schmidt
Preparation reduces overthinking.
Nick Schmidt
Behind every successful trader there’s a lot of unsuccessful years.
Nick Schmidt
Learn more: What is a stock gap?
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