1. circletraders
TRADING
WISDOM
Improve your trading with
these 5 quick quotes from
acclaimed traders.
TradersCircle Pty Ltd, ABN 65 120 660 497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041.

2. “What sets successful traders apart?
Most people think that winning in the markets has
something to do with finding the secret formula.
The truth is that any common denominator among
the traders I interviewed had more to do with
attitude than approach.
- Jack Schwager.

3. Our advice: Psychology counts.
Make sure you have a firm grasp on the
psychological aspects of trading. This is vital to
gaining confidence and trading consistently.

4. “Whenever I enter a position, I have a predetermined
stop. That is the only way I can sleep.
I know where I am getting out before I get in.
The position size on a trade is determined by the
stop, and the stop is determined on a technical
basis.”
- Bruce Kovner

5. $
Our advice: Manage your risk.
Managing your risk and managing your money are
key aspects of your trading plan.
We teach our students the rules used by a
professional trader, including knowing when to take
a loss for every trade before entering.

6. “Pride is a great banana peel - as are hope, fear, and
greed.
My biggest slip-ups occurred shortly after I got
emotionally involved with positions.
-Ed Seykota

7. Our advice: Don’t trade emotionally.
Managing your trades includes managing your
mental focus.
If a trade goes against you, it’s important to keep
your wits, stick to your plan and avoid letting your
emotions take over.

8. “
Lawyers, doctors, engineers and professional men
who make a success spend anywhere from two to
five years’ time studying and preparing to practice
their profession before they begin making any
money.
Men enter into speculation in Wall Street without
any preparation. They have made no study of it
whatsoever.
They try to deal in something they know nothing
about. Is it any wonder then that they lose?
- William D. Gann

9. Our advice: Invest in your education.
Education is essential before you enter the market.
Learn the principles, practise, and paper trade first.
This way you can fully understand what you are
doing before you enter the market.

10. “Another lesson I learned early is 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.
- Jesse Livermore

11. Our advice: Look at historical patterns.
Learning technical and patterns, trends and
historical price movements can help you pick the
direction of share prices.

12. When we teach our students to trade, we equip
them with many of the skills and experiences it takes
years to learn alone.

13. In a nutshell, we teach our students:
How to think and develop your focus like a
professional trader.
How a professional manages his money and
his risk.
The skills a professional uses
to trade any market direction.

14. If you’re interested in learning to trade, make sure
you learn from a professional.

15. Register now to learn more
about our courses, and see
how we can help you get
closer to your goals.

16. Warnings and important information.
Any advice contained in this communication is general only and does not consider your
objectives, financial situation or needs, and you should consider whether it’s appropriate for you.
If you are thinking about acquiring a financial product, you should consider our Financial Services
Guide (FSG) at www.traderscircle.com.au and the relevant Product Disclosure Statement (if there
is one available) first.
Trading options is not suitable for everyone. There is a risk that you can lose more than the
value of a trade or its underlying assets. You should only act on our recommendations if you are
confident that you fully understand what you are doing.
Past returns do not reflect future returns, and it is also possible to make significant losses. We
employ expert traders and use strategies that maximise returns and minimise risk. However,
there is always a risk of loss when trading and investing. This is general information, and is not
prepared for your specific investment objectives, financial situation or needs. Consult a licensed
investment adviser before making investment decisions. TradersCircle Pty Ltd, ABN 65 120 660
497 is a corporate authorised representative of OzFinancial Pty Ltd, AFSL number 241041.