Executive Quote of the Day: . secular trend of just capital flows into private capital. $RJF.

Reminiscences of a Stock Operator quote of the day:. in starting a movement it is unwise to take on your full line unless you are convinced that conditions are exactly right.

Executive Quote of the Day: GenAI doesn't follow rules in a traditional human sense. It's very difficult to give a set of steps and rules and have GenAI follow these rules precisely every time. $PATH.

Reminiscences of a Stock Operator quote of the day:. The average ticker hound or, as they used to call him, tape-worm goes wrong, I suspect, as much from over-specialization as from anything else.

Reminiscences of a Stock Operator quote of the day:. I always made money when I was sure I was right before I began. What beat me was not having brains enough to stick to my own game that is, to play the market only when I was satisfied that precedents favored my play. There is a.

Reminiscences of a Stock Operator quote of the day:. I had to pay the usual tuition a good whack per each step forward.

Reminiscences of a Stock Operator quote of the day:. My one steadfast prejudice is against being wrong.

Wyckoff: In “Studies in Tape Reading” I suggested trading for daily profits with the object of making a fractional profit over losses, expenses, commissions, etc., on the average, per day. But eventually I found that I could get much better results by operating for the five, ten.

I was rereading Michael Kaufman's Soros biography last night and came across this wild stat. Around 1961, Soros bought 3 acres in Southampton, NY for $15,000 and paid another $28,000 to build a house bringing the total for land and house to $43,000. Per the BLS inflation.

Reminiscences of a Stock Operator quote of the day:. Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end.

"After the Northern Telecom trade, [Steve] Cohen implemented strict discipline when it came to losing money: If a trade is going against you, you set a limit, and then you sell, no matter what. Never let emotions get in the way." - Black Edge book.

The larger tides (flows of capital) dictate a lot of what happens in terms of investment success.

Wyckoff: In trading I get the best results by watching carefully for an important turning point, limiting my risk, and trading for the ten or twenty point swings.

Reminiscences of a Stock Operator quote of the day:. I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.

If you had bought $TLT at the end of every month since late 2002 using a dollar cost averaging approach, your average price would be just shy of $110, and you would be in a ~21% drawdown. Imagine buying a supposedly "safe" investment for your retirement only to be down a

RT @jackschwager: Presenting webinar July 15 noon EST.

RT @moritzheiden: Just kidding. It has recovered a bit.

Wyckoff: Subscribers to The Magazine frequently write me and explain that they are far removed from the market and ask whether they had not better come to New York or go to Chicago so as to be in “close touch with things.” Very often this “closeness” is a handicap. One’s real.

"Once you’ve got both geo and style constraints, staying in the investing industry becomes impossible if you are not based in New York City. the hedge fund industry is overcrowded—with great storytellers who can raise capital but can’t generate returns, and talented money-makers.

Reminiscences of a Stock Operator quote of the day:. Old Turkey would cock his head to one side, contemplate his fellow customer with a fatherly smile, and finally he would say very impressively, "You know, it's a bull market!".