Speculation is dealing with the uncertain conditions of the unknown future. Every human action is a speculation in that it is embedded in the flux of time.
( Ludwig von Mises )
Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market.
( Warren Buffett )
We don't care about “why.” Real traders only have the time and interest to care about “what” and “when” and “if” and “then.”
( JC Parets )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
Patterns of price movement are not random. However, they're close enough to random.
( Jim Simons )
Cut short your losses, and let your profits run on.
( David Ricardo )
Never, ever argue with your trading system.
( Michael Covel )