You don't have to have a high IQ to be a successful investor. There are other nuances that need to be attended to.

1. Investment advice you cannot ignore
You don't have to have a high IQ to be a successful investor. There are other nuances that need to
be attended to.
Author : iFast Content Team
I know. I know.
There are millions of quotes out there repeated to the point of weariness setting in. So, in all
sincerity, I have attempted to refrain penning down the oft-quoted ones from the likes of
Warren Buffett, John Templeton, George Soros, Peter Lynch and Jim Rogers.
Here are six interesting quotes by traders on top of their game. You may not trade, but a few
nuggets of wisdom from them can give you a better perspective on investing and making money.
The underlying theme is that making mistakes and incurring losses comes with the territory.
But the trick is not to get personal about your investments. Emotions and ego are your worst
enemy. Objectivity is a great asset to have as an investor. Know what risk you are capable of,
admit that you can make a bad investment and act accordingly.
At the end of the day, the most important thing is how good are you at risk control.
Paul Tudor Jones
This year, Jones gained notoriety for his comment that mothers cannot be successful traders
because connecting with a child is a focus “killer” in the intense world of macro trading. One of
Jones’ earliest and major successes was anticipating and trading through Black Monday in 1987,
tripling his money during the event due to large short positions. It is said that he made $100
million that day.
Experienced traders control risk, inexperienced traders chase gains.
Alan Farley
Author, columnist and publisher of Hard Right Edge, Farley is best known as a swing trader. The
latter is a style of trading that attempts to capture gains in a stock within one to four days based
on technical analysis to look for stocks with short-term price momentum.
It’s OK to be wrong; it’s unforgiving to stay wrong.
Martin Zweig
Influential investor, author and television pundit who died a few months ago. He was known for
his lavish lifestyle and eccentric and expensive memorabilia which included a $52,000 pool
table, Michael Jordan’s Chicago Bulls rookie jersey and Buddy Holly’s guitar.
A trader should have no opinion. The stronger your opinion, the harder it is to get out of a
losing position.
Paul Rotter
A decade ago, Rotter was known just as a mysterious Eurex trader, not to mention the biggest
and most controversial, whose identify was hidden behind the moniker “The Flipper”. He placed
buy and sell orders simultaneously, made very short-term trading decisions and spread
multiple orders in different markets at the same time. Because he placed orders on both sides of
the order book in numerous and interconnected markets, he was nicknamed “The Flipper”.
The key to trading success is emotional discipline. If intelligence were the key, there
would be a lot more people making money trading… I know this will sound like a cliche,
but the single most important reason that people lose money in the financial markets is
that they don’t cut their losses short.
Victor Sperandeo

2. President and CEO of Alpha Financial Technologies, “Trader Vic” is a professional trader, index
developer, financial market commentator, and author. An expert in commodities trading he
works on the premise that commodities are cyclical in nature and the best method is to capture
as much of the major trends of each market as possible, while balancing that goal with minimum
risk.
Emotional control is the most essential factor in playing the market.
Jesse Livermore
This advice worked excellently in his trading game, but he was a mess in his personal life. He
was known to be a loner who suffered from depression who eventually took his own life. During
his life, he made and lost four colossal fortunes. He was most famous for selling the market
short before the crash of 1929 enabling him to waltz his way into the Great Depression with
$100 million. In order to conceal his movements and massive positions, he used to transmit
orders through numerous brokers.
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