Wednesday, 11 February 2009

The Challenge of Speculation

"To invest or speculate successfully, one must form an opinion as to what the next move of importance will be in a given stock. speculation is nothing more than anticipating coming movements."....
"The good speculators always wait and have patience, waiting for the market to confirm their judgment.".....
" must entirely ignore personal opinion and apply strict attention to the action of the market itself. 'Markets are never wrong--opinions often are.'"
" not be too anxious to get into it (a stock). Wait and watch the action of that stock for conformation to buy. Have a fundamental basis to be guided by."

-Jesse Livermore

How to Trade in Stocks by Jesse Livermore

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