Reminiscences of a Stock Operator book has lot of quotes which are useful for successful trading. Many successful traders recommend this book for newbie trader.
- Buy rising stocks and sell falling stocks.
- Do not trade every day of every year.
- Only enter a trade after the action of the market confirms your opinion.
- Continue with trades that show you a profit, end trades that show a loss.
- End trades when it is clear that the trend you are profiting from is over.
- In any sector, trade the leading stock - the one showing the strongest trend.
- Never average losses.
- Markets are never wrong - opinions often are.
- The highest profits are made in trades that show a profit right from the start.
- As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
- Never buy a stock because it has had a big decline from its previous high.
- Don't become an involuntary investor by holding onto stocks whose price has fallen.
- Wishful thinking must be banished.
- It is much easier to watch a few stocks than many
- Patterns repeat, because human nature hasn't changed for thousand of years.
Love,
DPZ
Comments
Post a Comment