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 )
Trade the market in front of you, not the one you want!
( Scott Redler )
The best way to make money is to not lose money… or just be 200% long.
( Adam Warner )
In the short run, the market is a voting machine. In the long run, it is a weighing machine.
( Benjamin Graham )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
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 )
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
( Sir John Templeton )