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 )
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 )
Wall Street sells stocks and bonds, but what it really peddles is hope.
( Jason Zweig )
There is a time to go long, a time to go short and a time to go fishing.
( Jesse Livermore )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
The most dangerous people in the world are very smart traders who have never gotten their teeth kicked in.
( F. Helmut Weymar )
The trend is your friend.
( General )