Classic Trader Wisdom

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”
- Edwin Lefèvre

"Most people will not wait for the environment to tip itself off. They will walk into the forest when it is still dark, while I wait until it gets light. Although the Cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, but preferably one that is also sick and lame. Only then, when there is no chance it can lose its prey, does it attack. That, to me, is the epitome of professional trading."
- Mark Weinstein.


"I wait until the money is lying there in the corner and all I have to do is walk over and pick it up" 
- Jim Rodgers.

"In the end, everybody gets what they want from the market"
- Ed Seykota


"The stock market is an animal of terrible beauty. Watching it work is like glimpsing an owl swoop down and grab a mouse in its claws or watching a shark hone in on its prey. Its motions are efficient, and its dead eyes convey no emotion."
- Robert Pretcher

"Knowing others is wisdom. Knowing self is enlightenment. Mastering others requires force. Mastering self requires strength".
- Lao Tsu


"All Warfare is based on deception"
- Sun Tzu

"There are only two emotions in the market, hope and fear – the only problem is you hope when you should fear and fear when you should hope".
- Edwin Lefevre

"knowing when to stay out of the markets is as important as knowing when to be in them"
- Mark Weinstein

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