The game of speculation quotes

The trading game of speculation by Jesse Livermore

Speculators are not interested in putting their money into a stock or commodity for a long time. They want to see a good profit quickly – on a time scale of minutes to months. If their money does not quickly perform well in a situation, they move it into another situation. In pursuit of greater gain, speculators take greater risks with their capital than people who put their money into Savings & CD Accounts. For … Continue reading

Trading versus Gambling

Man is a gaming animal. He must always be trying to get the better in something or other. Charles Lamb The market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, “Swing, you bum! Warren Buffet There are just four kinds of bets. There are good bets, bad bets, bets that you win, … Continue reading

Twenty great trading advices

Risk is the uncertain possibility of loss. If you could quantify risk exactly, it would no longer be risk. Ed Seykota I can only rise by knowledge, If I fall it must be by my own blunders. Jesse Livermore As in any other job, art or science, observation is the only foundamental and pragmatic activity to use to guide your actions! Carl William Brown Risk no more that you can afford to lose, and also … Continue reading