Secret

Trading's only real secret is... The best loser is the long-term winner ---- Phantom of the Pits.

Skill

There is no place in the modern world for the unskilled; no one can hope for any genuine success who fails to give himself the most complete special education. The trained man has all the advantages on his side; the untrained man invites all the tragic possibilities of failure.--------RICHARD D. WYCKOFF

Pride

My pride did not let me act. The prestige of my theory was at stake. I just kept saying this stock cannot go down any further. I did not know what I learned later, that there is no such thing as cannot in the market. Any stock can do anything.-----Nicolas Darvas

Common Sense

There are no such animals as good or bad stocks. There are only rising and falling stocks—and I should hold the rising ones and sell those that fall------Nicolas Darvas