Wednesday, April 27, 2005

BOOM

"As tempting as it is to put all your money down on big bets and take it back off the table just as quick, this road leads the average speculator to mediocrity, or worse, ruin. The only way to make some real money out of wallstreet is to play the game consistently; to be there for when markets turn. Not the very bottom or absolute top, those don't matter, but when a move has legitimazed itself, ride it for all its worth whether that is months or years."

2 Comments:

At 3:29 AM, Blogger Sulli said...

Who said that?

Something I have learned over time is that you have to have the patience to wait for a trade to develop. I sometimes leave the house after putting on a new position.

Ryan

 
At 12:41 PM, Blogger Dante said...

...sounds like Livermore to me...

 

Post a Comment

<< Home