Money Management

Take every gain without showing remorse about missed profits, because an eel may escape sooner than you think.----Joseph de la Vega, 1688, in an early manual on trading

Basic Conditions ( 2 )

But not even a world war can keep the stock market from being a bull market when conditions are bullish, or a bear market when conditions are bearish. And all a man needs to know to make money is to appraise conditions.----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Basic Conditions

It was not that all I needed to learn was not to lake tips but follow my own inclination. It was that I gained confidence in myself and I was able finally to shake off the old method of trading. That Saratoga experience was my last haphazard, hit-or-miss operation. From then on I began to think of basic conditions instead of individual stocks. I promoted myself to a higher grade in the hard school of speculation. It was a long and difficult step to take. ----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Basic

When the market is moving and money is flying, it's easy to forget that it's the basic that ultimately produce success.Even after trading everything from exotic over-the-counter options to plain vanilla Dow stocks, I still need to constantly and obsessively evaluate every single trade, every single day.----Jonathan Hoening, Portfolio Manager, Capitalistpig Hedge Fund LLC.