"Buy from Pessimist & Sell to Optimist - Benjamin Graham"
"More men have become great through practice
than by nature."- Democritus
So, trade, practice, track and evaluate
your performance.
When the market goes against you, you hope that every day will be the last day - and you lose more than you should had you not listened to hope. And when the market goes your way, you become fearful that the next day will take away your profit and you get out - too soon. The successful trader has to fight these two deep-seated instincts.
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get rich- quick adventurer. They will die poor.
quotes from Jesse Livermore
In money management long term success lies not in garnering short term returns but avoiding the pitfalls that lead to large losses of invested capital
"More men have become great through practice
than by nature."- Democritus
So, trade, practice, track and evaluate
your performance.
When the market goes against you, you hope that every day will be the last day - and you lose more than you should had you not listened to hope. And when the market goes your way, you become fearful that the next day will take away your profit and you get out - too soon. The successful trader has to fight these two deep-seated instincts.
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get rich- quick adventurer. They will die poor.
quotes from Jesse Livermore
In money management long term success lies not in garnering short term returns but avoiding the pitfalls that lead to large losses of invested capital
