Here's a few quotes from my favorite trading book, "Reminiscence Of A Stock Operator."
- I know from experience that no one can give me a tip or a series of tips that will make more money for me than my own judgement.
- I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell a particular stock.
- A speculator must not merely be a student, he must be both a student and a speculator.
- The big men of the street are as prone to be wishful thinkers as the politicians or the plain suckers.
- The recognition of our mistakes should not benefit us any more than the study of our success.
- The price has nothing to do with the line of resistance.
- Observation, experience, memory, and mathematics... These are what a successful trader must depend on.
- It cost me millions to learn that another dangerous enemy to a trader is susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.
