A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.
The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.
I always believe that prices move first and fundamentals come second
Most people sell their souls, and live with a good conscience on the proceeds.
It takes a man a long time to learn all the lessons of all of his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of stock speculation.
I want to be a fair trader. I want to be a firm and fair trader.
The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.
If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.
