“Repeatedly I have sold a stock while it was still rising- and that has been one reason why I have held onto my fortune. Many a time, I might have made a good deal more by holding a stock, but I have would also have been caught in the fall when price of the stock collapsed.”
“All traders give themselves exactly what they feel they deserve. Trading is an excercise in accumulating money. Once we have learned how to trade (perceive opportunity and exectue our trades), who else or what else could be responsible for how much we end up with in our equity account?”
“There is one position in trading that matters most…The ready position. Always be prepared.”
“Trading is…
A path to build wealth.
A road to ruin.
Unending entertainment when you’re clueless.
Crushingly boring when done right.
An enlightening window to the world.
A glimpse of humans at their worst.
A venue where lifetime friendships are built.
A dark alley where business relationships are destroyed.
The most satisfying game to master.
The most frustrating occupation to enter.
Filled with some of the most sharing and generous people you’ll ever meet.
Populated by Shysters and Hucksters ready to con you out of your last nickel.
Synonymous with America’s growth and a source of pride.
Occasionally responsible for America’s black eye to the world.
Where new fortunes are cemented.
Where generational family fortunes are forever lost.
Trading is.
Ok kid, have at it. Good luck.
”