/biz/ - Business & Finance

>>16676770

>"The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among professionals."

>"Prices, like everything else, move along the line of least resistance. They will do whatever comes easiest."

>"The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you hope that every day will be the last day — and you lose more than you should had you not listened to hope — the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and you get out — too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts… Instead of hoping he must fear; instead of fearing he must hope."

>>14046362