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 )
Buy things that are going up. Sell things that are going down. And when they stop, get out!
( Rob Smith )
To be uncertain is to be uncomfortable, but to be certain is to be ridiculous.
( Proverb )
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 )
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.
( Robert Rhea )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
Risk cannot be eliminated; it just gets transferred and spread.
( Howard Marks )