Occupation: Stock Trader Birth: July 26, 1877 Death: November 28, 1940
The stock market is never obvious. It is designed to fool most of the people, most of the time..
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiar….
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never chang….
Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy….
Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally..
The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy ….
Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his….
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of in….
A prudent speculator never argues with the tape. Markets are never wrong, opinions often are..
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate..
Never buy at the bottom, and always sell too soon..
A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook an….
Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is corr….
It never was my thinking that made the big money for me. It always was my sitting..
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what t….
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jum….
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made….
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next ven….
It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your m….
There is time to go long, time to go short and time to go fishing..
There are times when you should be completely out of the market, for emotional as well as economic reasons..