The Tape Reader's profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears ...
Don’t let the outcome of one trade alter your trading discipline. One trade doesn’t make a system.
- Vadym Graifer & Christopher Schumacher
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Rule number one of investing is never lose money.
Rule number two is never forget rule number 1.
- Warren Buffett
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Warren Buffett on ...
Don't try to buy at the bottom or sell at the top
- Bernard Baruch
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Bernard Baruch on Trading by DaytradingBias.com
If you really know what's going on, you don't even have to know what's going on to know what's going on... You can ignore the headlines because you anticipated them ...
To me, the "tape" is the final arbiter of any investment decision.
I have a cardinal rule: Never fight the tape!
- Martin Zweig
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They trade too much. They don’t pick their spots selectively enough. When they see the market moving, they want to be in on the action. So, they end up forcing ...
The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what's going to happen contradicts my way of looking at ...
The most important rule of trading is to play good defence, not great offence.
- Paul Tudor Jones
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Paul Tudor Jones on Defense ...
The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money ...