Quotes on Trading

Giving with the intention of receiving really isn't giving, it's trading.

Anything that makes it easier to imagine trading places with someone else increases your moral consideration for that other person.

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.

It is what people actually did in the stock market that counted - not what they said they were going to do.

A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

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 the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

They themselves mocked Africa, trading stories of absurdity, of stupidity, and they felt safe to mock, because it was a mockery born of longing, and of the heartbroken desire to see a place made whole again.

Markets can remain irrational longer than you can remain solvent.