“There is only one side to the stock market;….not the bull side or the bear side, but the right side.”
Jesse Livermore
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties.
Francis Bacon
Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.”
Ed Seykota
I don’t buy what I like, I buy what I can sell later at higher price.
Unless you are Buffet and capable to accumulate enough shares to impact management, your shares are just pieces of paper and you should treat them like such.
If you can’t take a small loss, sooner or later you will take the mother of all losses.”
Ed Seykota