There can be a huge gap between what you understand about the markets and your ability to transform that knowledge into consistent profits. – Mark Douglas
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.
...
When the facts change, I change my mind. What do you do, sir?
- John Maynard Keynes
Embed This Image In Your Site (copy code below):
John Maynard Keynes on Facts by ...
If you make a bad trade and you have money management you are really not in much trouble. However, if you miss a good trade there is nowhere to turn. ...
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 ...
We use technical analysis not because we think it means something, but because other people think it means something. We are always looking for market participants to take us out ...
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 ...
People who fight change are fighting inevitability itself.
- Jim Rogers
Embed This Image In Your Site (copy code below):
Jim Rogers on Change by DaytradingBias.com
The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
- Linda ...
The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How can we exploit this?”
- Edward Thorp
Embed This Image In Your Site (copy code ...
Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women).
- Richard Wyckoff
Embed This Image In Your Site ...