"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"If a stock is under accumulation, a price consolidation represents a period when strong investors absorb weak traders. Once the "weak hands" have been eliminated, the lack of supply allows the stock to move higher because even a small amount of demand will overwhelm inventory."
"The stocks that hold up the best and rally into new high ground off the market low during the first 4 to 8 weeks of a new bull market are the true market leaders. You can't afford to ignore these golden opportunities."
"I dropped out of school at age 15 with virtually no money and no education. If I could make big money in the stock market, think about how well you can do. There is no reason you shouldn't be able to achieve far more than I have."
"Good trading is boring; bad trading is exciting and makes the hair on the back of your neck stand up. You can be a bored rich trader or a thrill-seeking gambler. It's entirely your choice."
"During my 30 years of trading stocks, I have been correct on winning trades only about 50 percent of the time. I'm wrong as often as I'm right however the dollar amount of the profitable trades have been much larger than the losses on average."
"Most investors treat trading as a hobby because they have a full-time job doing something else. If you treat trading like a business, it will pay you like a business."
"Once acquired, the skill of proficient stock trading can never be taken from you. No one can fire you from your craft the way a boss can from a job; it's just you and the market. All you have learned and the experience you have gained can bear fruit for man years to come."
"Avoiding large losses is the single most important factor for winning big as a speculator. You can't control how much a stock rises, but whether you take a small or large loss is entirely your choice.
"Buying stocks in long-term downtrends will significantly lower your odds of owning a big winner. If you want to increase the odds, you should focus on stocks that are in a confirmed uptrend."
"For me, the greatest success came when I finally decided to forget about the money and concentrate on being the trader I could be. Then the money followed."
"I dropped out of school at age 15 with virtually no money and no education. If I could make big money in the stock market, think about how well you can do. There is no reason you shouldn't be able to achieve far more than I have."
"During my 30 years of trading stocks, I have been correct on winning trades only about 50 percent of the time. I'm wrong as often as I'm right however the dollar amount of the profitable trades have been much larger than the losses on average." $STUDY
"It doesn't really matter what you think about a stock. What matters is what big institutions think, because they are the ones that can move a stock price dramatically."
"I dropped out of school at age 15 with virtually no money and no education. If I could make big money in the stock market, think about how well you can do. There is no reason you shouldn't be able to achieve far more than I have."
"In the stock market, you're playing probabilities, not certainties; that means you cannot be correct all the time. If you make more on your winners than you lose on your loses over time, that's all you need to accomplish to be successful."
"In the stock market, you have the luxury of being able to stay on the sidelines, free of charge, observing and waiting for the most opportune moment to wager. You get to see the market's 'cards' before you bet, free of charge."
"Good trading is boring; bad trading is exciting and makes the hair on the back of your neck stand up. You can be a bored rich trader or a thrill-seeking gambler. It's entirely your choice."
"There is no shame in losing money on a stock trade, but to hold on to a loss and let it get bigger and bigger or, even worse, to buy more is amateurish and self destructive."
"The most dangerous time to trade is when a stock is trying to bottom. Trying to pick a low can be very frustrating and costly. You can increase the odds of success by waiting for the stock to turn, which will lessen the chance of failure."
"Once acquired, the skill of proficient stock trading can never be taken from you. No one can fire you from your craft the way a boss can from a job; it's just you and the market. All you have learned and the experience you have gained can bear fruit for man years to come."
"During my 30 years of trading stocks, I have been correct on winning trades only about 50 percent of the time. I'm wrong as often as I'm right however the dollar amount of the profitable trades have been much larger than the losses on average."
"Good trading is boring; bad trading is exciting and makes the hair on the back of your neck stand up. You can be a bored rich trader or a thrill-seeking gambler. It's entirely your choice." $STUDY
"In the stock market, you're playing probabilities, not certainties; that means you cannot be correct all the time. If you make more on your winners than you lose on your loses over time, that's all you need to accomplish to be successful."
"There is only one way to protect your portfolio from a large loss, and that is to sell when you have a small loss before it snowballs into a huge one."
"If a stock is under accumulation, a price consolidation represents a period when strong investors absorb weak traders. Once the "weak hands" have been eliminated, the lack of supply allows the stock to move higher because even a small amount of demand will overwhelm inventory."
"History clearly shows that virtually every super performance stock was in a definite uptrend before experiencing its big advance. In fact, 99% of them traded above their 200-day moving average before their huge advance and 96% traded above their 50-day moving average."
"For me, the greatest success came when I finally decided to forget about the money and concentrate on being the trader I could be. Then the money followed."
"For me, the greatest success came when I finally decided to forget about the money and concentrate on being the trader I could be. Then the money followed."
"There is no shame in losing money on a stock trade, but to hold on to a loss and let it get bigger and bigger or, even worse, to buy more is amateurish and self destructive."
"I went six consecutive years without making a penny while pursuing stock trading. Along the way I had days I when I almost threw in the towel and gave up. However, I knew the power of persistence."
"If the stock is healthy and under accumulation, the pullbacks will be brief and will be met with support that pushes the stock to new highs within days, bouncing back like a tennis ball."
"To compound your capital, you must be where the action is. You can't afford to have your money tied up in a stock waiting for what you think is a great fundamental story to get noticed by the rest of the world."
"Most investors treat trading as a hobby because they have a full-time job doing something else. If you treat trading like a business, it will pay you like a business."
"The stocks that emerge first in the early stage of the a new bull market with the greatest power are generally the best candidates for superperformance."
"A trader who really knows the strengths and weaknesses of his or her own strategy can do significantly better than someone who knows only a little about a superior strategy."
"The stocks that hold up the best and rally into new high ground off the market low during the first 4 to 8 weeks of a new bull market are the true market leaders. You can't afford to ignore these golden opportunities." $STUDY
"I dropped out of school at age 15 with virtually no money and no education. If I could make big money in the stock market, think about how well you can do. There is no reason you shouldn't be able to achieve far more than I have."
"If a stock is under accumulation, a price consolidation represents a period when strong investors absorb weak traders. Once the "weak hands" have been eliminated, the lack of supply allows the stock to move higher because even a small amount of demand will overwhelm inventory."
"If you think stock trading is gambling, I suppose you could say the same about brain surgery. To a trained surgeon with the necessary expertise, it is a job with risks that are offset by knowledge, training and ultimately skill. Stock trading is no different."
"To have lasting success in the stock market, you must decide once and for all that it's more important to make money than to be right. Your ego must take a backseat."
"Once acquired, the skill of proficient stock trading can never be taken from you. No one can fire you from your craft the way a boss can from a job; it's just you and the market. All you have learned and the experience you have gained can bear fruit for man years to come."
"If you're going to become a stock trader, you will be trading for years, maybe even decades. If you regard each trade as just one out of a million over time, it becomes much easier to take a small loss and move on to the next trade."
"In the stock market, you're playing probabilities, not certainties; that means you cannot be correct all the time. If you make more on your winners than you lose on your loses over time, that's all you need to accomplish to be successful."
"Most investors shy away from names they have never heard of. This is exactly the opposite of what you should do if your goal is to find big stock market winners."
"It doesn't really matter what you think about a stock. What matters is what big institutions think, because they are the ones that can move a stock price dramatically."
"On the basis of 30 years of personal experience and historical analysis of every market cycle going back to the early 1900s, I can assure you that nothing has changed very much. In fact, history repeats itself over and over."