My Trading Quotes
The best trading method is to take advantage of the crowd's greed and fear.
One must be able to read the current level of the market's hidden energy to be a master trader.
A low-risk, high-return trade is a trade that is aligned with fundamentals and opposite the current market peak emotion.
----------------------------------------------------------------------Jimmy Chow
Jesse Livermore: “It may surprise many to know that in my method of trading, when I see by my records that an upward trend is in progress, I become a buyer as soon as a stock makes a new high on its movement, after having had a normal reaction. The same applies whenever I take the short side. Why? Because I am following the trend at the time. My records signal me to go ahead!”
John Murphy: “The statement ‘market action discounts everything’ forms what is probably the cornerstone of technical analysis. [...] The technician believes that anything that can possibly affect the price–fundamentally, politically, psychologically, or otherwise–is actually reflected in the price of that market.”
