“Dealings should be in the active stocks. In order to make a profit, a stock must move. A great deal of money and many opportunities are lost by traders who keep themselves tied up in stocks which are sluggish in their action. In a commercial line you would not carry goods on your shelves indefinitely -- you would keep your stock moving. In trading, keep on moving stocks!” - Richard D. Wyckoff
Friday, 10 April 2015
Thursday, 9 April 2015
Quote for the day
“Discovery is dangerous… but so is life. A man unwilling to take risk is doomed never to learn, never to grow, never to live.” - Pardot Kynes
Wednesday, 8 April 2015
Quote for the day
“Nobody on Wall Street has a monopoly on truth. Market strategists don't. Money managers and investment-newsletter writers don't. Brokers, financial planners and insurance agents don't. Newpaper columnists don't. So treat all financial advice with caution. Look at every investment and every investment strategy with profound skepticism. Think long and hard about every financial myth.” - Jonathon Clements
Tuesday, 7 April 2015
Quote for the day
“Wisdom requires an experience-based knowledge of the world (including, especially, the world of human nature). It requires mental focus, reflecting the ability to analyze and discern the most important aspects of acquired knowledge, knowing what to use and what to discard, almost on a case by case basis (put another way, it requires knowing when to follow rules, but also when the usual rules no longer apply). It requires mediating, refereeing, between the frequently conflicting inputs of emotion and reason, of narrow self-interest and broader social interest, of instant rewards or future gains.” - Stephen Hall
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