Speculation is a hard and trying business, and a speculator must be on the job all the time, or he'll soon have no job to be on.
( Jesse Livermore )
I know where I’m getting out before I get in.
( Bruce Kovner )
The best way to make money is to not lose money… or just be 200% long.
( Adam Warner )
The most important thing about an investment philosophy is that you have one.
( David Booth )
Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.
( Mark Douglas )
Large price changes tend to be followed by more large changes, positive or negative. Small changes tend to be followed by more small changes. Volatility clusters.
( Benoit B. Mandlebrot )
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
( John Templeton )