Emotion Pendulum - Greed Or Fear ?

Emotion Pendulum - Greed Or Fear ?

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

Saturday, August 21, 2010

Secret

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

Friday, August 20, 2010

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

Friday, August 06, 2010

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