Being wrong is acceptable, but staying wrong is totally unacceptable.
Being wrong isn’t a choice, but staying wrong is.
- Mark Minnervini
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Mark Minnervini ...
It is not important that the basic value of the shares be practically nothing as long as there are other people willing to close their eyes and support those contradictions.
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Traders often repeat the same mistakes over and over, acting on triggers that have served them poorly time and time again even as they continue to expect a tidy profit ...
People who fight change are fighting inevitability itself.
- Jim Rogers
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Jim Rogers on Change by DaytradingBias.com
Yale did a study recently showing that investors made 300% more by putting money in commodities themselves rather than commodity stocks – that is unless you’re a great stock picker.
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Successful investing is anticipating the anticipations of others.
- John Maynard Keynes
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John Maynard Keynes on Anticipation by DaytradingBias.com
The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
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Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women).
- Richard Wyckoff
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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 ...