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20 Great Technical Analysis Quotes To Learn From

Patrick Stockdale
Written by Patrick Stockdale | February 27, 2022

Good quotes can help educate, inspire, motivate, influence and provide humor for traders and investors alike.

We’ve compiled a list of some great quotes about technical analysis to read

John Murphy Quotes

Below are 2 quotes from technical analysis author John Murphy.

Quote 1

“Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.”

This quote emphasis the need to always be studying technical analysis as it will help improve a traders understanding

Quote 2

"The statement “market action discounts everything” forms what is probably the cornerstone of technical analysis. […] The technician believes that anything that can possibly affect the price–fundamentally, politically, psychologically, or otherwise–is actually reflected in the price of that market. "

This quote is about the core beliefs of of a technical analyst and trader.

They believe that every piece of information ranging from news announcements to the fundamentals of a market can actually be read directly from the price chart of a capital market by using a technical analysis approach.

Stanley Druckenmiller Quote

“I never use valuation to time the market. I use liquidity considerations and technical analysis for timing. Valuation only tells me how far the market can go once a catalyst enters the picture to change the market direction. The catalyst is liquidity, and hopefully my technical analysis will pick it up.”

This quote from American investor Stanley Druckenmiller outlines the role technical analysis plays in his own investment analysis.

He relies on technical analysis to help him time the market and enter into an investment.

Marty Schwartz Quote

Profitable Trading Is Nothing More Than A Few Simple Disciplines, Practiced Everyday.”

This quote from famous day trader Marty Schwartz highlights the importance of having a plan for trading and how important it is to practice discipline sticking to the plan daily.

Fred McAllen Quote

Entry and exit points are vital parts of trading and investing. That is worth repeating. Entry and Exit points are vital parts of Trading and Investing. Whether you are Day Trading, Swing Trading, or are a Long Term Investor. Why would you ever buy a stock at the wrong time? Unfortunately, there are many market participants with no training that do it every day.

This quote from a retired stockbroker and author Fred McAllen reminds traders about the importance of having a solid technical trading strategy to help pinpoint exact entry and exit points when trading either short-term or long-term.

It is also a reminder that many new traders attempt to trade without any trading or technical analysis education.

John Bollinger Quote

Technical analysis works precisely because people look at it. And if people care, I care.

This quote from financial analyst and author John Bollinger describes why technical analysis works because people are

Peter Lynch Quote

In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.

This quote from famous investor Peter Lynch reminds new traders and investors that to be good, a trader does not need to be right 100% of the time to make consistent money from the financial markets.

Michael Covel Quote

Never, ever argue with your trading system.

This quote from trader and author Michael Covel reminds traders of how important it is to have a trading system and to stick to it even during difficult trading periods.

Paul Tudor Jones Quote

“Amateurs focus on how much money they’ll make. Professionals think about how good they’re following their trading systems.”

This quote from the billionaire hedge find trader Paul Tudor Jones shows the difference between an amatuer trader and a professional.

Professionals focus on a trading system and following it with discipline while amateurs think about the money they’ll make.

Jesse Livermore Quote

Below are 2 quotes from famous trader Jesse Livermore.

Quote 1

The only one responsible for your trading strategy is you, not other traders, technical analysts or tipsters.

This quote from Jesse Livermore is a great one as it reminds traders of the importance of developing their own technical trading strategy and not relying on other traders or tipsters for trading signals.

Quote 2

A good technical analysis approach to trading or investing, executed perfectly, will beat 99% of traders and investors performance.

This quote highlights the significance that technical analysis can play in a trader or investors returns.

Finding and executing a proper trading strategy can beat 99% of retail traders or investors.

Richard Dennis Quote

Below are 2 quotes from famous commodity trader Richard Dennis.

Quote 1

Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.

This quote reminds traders that whatever method they use to trade or invest, they should only trade or invest with the trend of the market.

Quote 2

“Technical analysis is the tool to understand the language of the markets.”

This quote shows how much of a pivotal role technical analysis played in Richard Dennis’s trading strategy.

He believed that technical analysis helped a trader or investors to understand the markets.

Nicholas Darvas Quote

I believe in analysis and not forecasting.

This quote from famous trader and author Nicholas Darvas highlights the importance of having a sound technical analysis strategy to help trade stocks.

A sound analysis of the stock market is much better than trying to forecast the future.

Naved Abdali Quotes

Below are 2 quotes from financial author Naved Abdali.

Quote 1

If a strategy is widely available for free or is offered on a small payment can never work. A secret is not a secret if a YouTube commercial offers it for a small payment of a hundred dollars.

This is a great quote about the problem of new traders trying to find some secret trading strategy.

There is no secret trading indicator or chart pattern and traders should exercise caution when someone is attempting to sell them a secret technical analysis approach or indicator.

Quote 2

All technical indicators generate accurate signals along with a lot of false ones.

This quote is a reminder to traders that no technical indictor is correct 100% of the time and many indicators and chart patterns generate false trading signals too.

Alexander Elder Quote

“The goal of a successful trader is to make the best trades. Money is secondary.”

This quote from author and trader Alexander Elder reminds traders that their focus should be to focus on executing good trades and the money will follow.

Jack Schwager Quotes

Below are 2 quotes from the Market Wizard book series author Jack Schwager that could apply to technical analysis .

Quote 1

“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.”

The above quote highlights the importance of being prepared for the markets, rather than arriving with no analysis.

Quote 2

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

This quote emphasizes the difficulty in finding a good and profitable technical analysis trading strategy for trading or investing.

Brett Steenbarger Quote

“The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.”

This quote from author Brett Steenbarger emphasizes the problem when new traders try and force their own style of trading into a market rather than developing a trading style that suits the market.