Insanity is doing the same thing over and over while expecting different results.
( Jesse Livermore )
The stock market is filled with individuals who know the price of everything, but the value of nothing.
( Philip Fisher )
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 )
Risk cannot be eliminated; it just gets transferred and spread.
( Howard Marks )
Never, ever argue with your trading system.
( Michael Covel )