» The golden rule is that there is no golden rule. - G.B. Shaw » Do not be bullish just
because you are long. - A. Crescenzi » If you can see the future you can own it. And own the stocks
of the companies to whom the future belongs. - Ajay Relon » The fact that people will be full of
greed, fear or folly is predictable. The sequence is not predictable. - Warren Buffet »
Fundamentalists are not bullish or bearish in a vacuum; they are bullish or bearish only relative to price. The
greatest company in the world could be a terrible investment if its price has already discounted the bullish
fundamentals. - Michael Lauer » Doing what everybody is doing at the moment is doing at the moment and
therefore what you have an almost irresistible urge to do, is often the wring thing to do at all. - Philip Fisher »
Good investments are made on the basis of broad understanding and wisdom rather than on the basis of
intellect and in-depth analysis. - Rakesh » Discipline is the ability to come back to the trading room
everyday, regardless of whether you have won, lost or broken even, the previous day. - A.L. Toghraie »
The purpose of technical analysis is not to be able to accurately identify each and every market position all the
times. The real objective of technical analysis is to find those trading opportunities that have a high probability
of success. - Robert Miner » In stock market the way only to bargain is to buy what most investors are
selling. - John Templeton » Being wrong is acceptable, but staying wrong is totally unacceptable. -
Mark Minverini » When you invest, you seek value. When you trade, you seek momentum. - L. Sanghvi
» One of the best ways to increase profits is to do goal setting and visualization in order to align the
conscious and subconscious mind with making profits. - Ed Seykota » It is not important whether you are
right or wrong, but how much money you make you are right and how much money you lose when you wrong
is important. »Volatility represents opportunity rather than risk, at least to the extent that volatile
securities tend to provide higher returns than more placid securities. » There are two sides to everything in
life but there is only one side to the stock market and that is the right side. One should always strive to be on
the right side of the market, whether it is the bull side or bear side of the market. - Livermore » Markets are
never wrong, opinions are. » You can’t afford to throw away your capital on suboptimal trades. If you
do, you will be too debilitated to trade when the right positions come along. - Richard Dennis » Wealth is the
product of man’s capacity to think. - Ayn Rand » You can be free. You can live and work from
anywhere in the world. You can be independent from routine and not answer to anybody. This is the life of a
successful trader. - Elder » Bull markets are born pessimism, grow on skepticism, mature on
optimism and die on euphoria. - Michael Stele » Don’t try to buy at the bottom and sell on top.
This cannot be done – except by liars. » Unless there is a fear in stock, it probably does not have great
capital gains potential. - Robert Wilson » Sometimes when a stock stops several times, it sets up a
much higher probability trade. » To be in the game, you have to endure the pain. » Owning
stocks is like having children, do not get involved with more than you can handle. » Don’t worry about what
the markets are going to do, worry about what you are going to do in response to the markets. »
Just about every time you go against panic you will be right if you stick to it. » The market does not look
at today’s data. It is looking at the data down the road. » Uncertainty is actually the friend of long term
investors. » Markets bottom not because of astute buyers but because of an absence of sellers. Markets top
not because of astute sellers but because of an absence of buyers. - Demark » What counts for people in
investing is not how much they know but how realistically they define what they don’t know. - W. Buffet »
The ability to master your mind, body and your emotions is the key to successful trading. - Lewis Borselling »
Only invest in things you understand and feel strongly about. If you don’t have conviction when you buy, there
is greater likelihood you will sell at first sign of bad news. As with most things, simplicity is a virtue in investing.
- Joe Mansueto » Fear of losing part of your profits you are making on a trade more often than not
exceeds the greed of maximizing them. - J. Sharma » Nobody grows poor taking profits but neither do
you grow rich taking a four point profit a bull market. - Stanley Kroll » A successful investment philosophy
must be flexible to cope with and anticipate changes. Change is the investor’s only certainty. - T Powe Price »
Simple trading approaches are invariably superior to anything you can invent using calculus and complicated
techniques. » Normal convention says – buy low and sell high. My philosophy is to buy high and
sell higher. - David Ryan » Doing the right thing is harder than knowing the right thing to do. James
Gipson » You have to be able to think clearly and act decisively in a panic market. The markets that go wild
are the ones with the best opportunity. Traditionally, what happens in a market that goes berserk is that even
veteran traders will tend to stand aside. That’s your opportunity to make money. - Mark Ritchie »
Losing a position is aggravating, whereas losing your nerve is devastating. » Throughout all of my
years of investing, I have found that the big money was never made in the buying or selling. Big money was
made in the waiting. - Jesse Livermore » Never argue with the markets. » The markets over a
period of time provide unlimited opportunities. Your capital, however large, can never be unlimited and will
run out. So wait patiently for opportunities. » Do not be impulsive in buying, emotional in holding and
panicky while selling stocks. » Being right is more important than being a genius. Think about winning
rather being a hero. Strive for consistency on a trade-to-trade basis. - Jack Schwager » Trade
aggressively when you are confident. » When the world knows it’s so very obvious, you know it is so
very obviously wrong. » Wisdom is in getting rid of the stock at any price once you realize that
your story has gone wrong. » Do what is right and not what is comfortable. » The genius of investing is
in recognizing the direction of a trend - not catching highs and lows. » Don’t invest because of what you
think should be happening. Invest because of what is happening. » Trends test the point of last
support/resistance. Enter here even if it hurts. » The market on a daily basis gives you the right to be wrong.
Longevity demands recognition of the mistakes. » Beat the crowd in and out of the door. You have
to take their money before they take yours. » Plan your trades and trade your plans. » Remember,
you do not have to be in the market all the time. » The stock market demands conviction; it
victimizes the unconvinced. » You need to have persistence to stay with your ideas day after day,
month after month and year after year, which is hard work. » You don’t maintain high performance
by holding on to old blue chips that are no longer blue. » At times you want to be a contrarian, but don’t
ride into a storm when you see a tidal wave coming just to prove a point. » It is better to do nothing
and wait until you get a concept so right and a price so right, that even if you wrong, it is not going to hurt. »
Prices move, reasons follow. » When everyone is thinking the same thing, no one is really thinking. Group
thinking rarely pays off. » If you are a small trader or investor, you cannot confront major market
participants. It is better to trade with them. It is better to take high-probability trade than try to lead or
outguess the market. » There is great difference between the best company and the best stock. »
Add to your knowledge before attempting to add to your wallet.
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