The game of speculation is the most uniformly fascinating game in the world.

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich- quick adventurer. They will die poor.

It is what people actually do in the stock market that count's not what they said they were Going to do.

The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes 

It is emotionally difficult to review your mistakes since the speculator must wade through his own bad trades and blunders. And these are not simple blunders;

 These are blunders that cost money. Anyone who has lost money by investing poorly knows how difficult it is to reexamine what occurred. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.

Successful trading is always an emotional battle for the speculator, not an intelligent battle - The biggest enemy of a trader is his own emotions. We are the sum total of our experience.

What makes a good stock speculator?

It's an aptitude for the game, a stomach for the ride, and the ability to see what is happening without emotion.

The ability to make observations that others don't and a good memory.

Don't worry about catching tops or bottoms, that's fools play. 

Keep the number of stocks you own to a controllable number. It's hard to herd cats, and it's hard to track a lot of securities. 

Take your losses quickly and don't brood about them. Try to learn from them but mistakes are as inevitable as death. 

It's Never too late working on your market process & approach. I make mistakes each day & try to learn & evolve from them.

Only make a big move, a real big plunge, when a majority of factors is in your favor. 

They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market.

Money is made by sitting, not trading - Men who can both be right and sit tight are uncommon.

The average chart reader is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke.

There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders.

Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

Take a Trading Break. A break will give you a detached view of the market and a fresh look at yourselves 

The unsuccessful investor is best friends with hope and hope skips along life's path hand in hand With greed when it comes to the stock market. 

Once a stock trade is entered, hope springs to life. It is human nature to be positive, to hope for the best. Hope is an important survival technique. But hope, like its stock market cousins ignorance, greed, and fear, distorts reason. See the stock market only deals in facts, in reality, in reason, and the stock market is never wrong. Traders are wrong. The result is objective and final, with no appeal.

Market's are always known to go against People's expectations - It will often go contrary to what speculators have predicted. It loves Punishing the Majority. At these times,

Successful speculators must abandon their predictions and follow the action of the market. Prudent speculators never argue with the tape. 

Markets are never wrong, but opinions often are. All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope.

This is why the numerical formations and patterns recur on a constant basis.

I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humans -- and human nature never changes.

Without specific, clear, and tested rules, speculators do not have any real chance of success. 

I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful. As long as they realize the market is a business like any other business & don’t call it a Gambling, they have a good chance to prosper. 

Remember, it [the market] is designed to fool most of the people most of the time. I always fully understand that.

I believe that uncontrolled basic emotions are the true and deadly enemy of the speculator; that hope, fear, and greed are always present, sitting on the edge of the psyche, waiting on the sidelines, waiting to jump into the action, plow into the game.

It sounds very easy to say that all you have to do is to watch the tape, But in actual practice a man has to guard against many things, and most of all against himself that is, against human nature.

A speculator must concern himself with making money out of the market and not with insisting that the tape must agree with him. Never argue with it or ask for reasons or explanations.

A speculator must not be a student. He must be both a student and a speculator.

In a speculator, such an attitude (wishful thinking) is fatal.

A man must study general conditions to seize them so as to be able to anticipate probabilities. The message of the tape is same. That will be perfectly plain to anyone who will take the trouble to think. He will find if he asks himself questions and considers conditions, that the answers will supply themselves directly.

It always pays a man to be right at the right time. Professional traders have always had some system or another based upon their experience and governed either by their attitude towards speculation or by their desires.

A man may beat a stock or a group at a certain time, but no man living can beat the stock market!

In the world of Money Shaped with Human Behavior Nobody has a Foggiest Notion what will happen in the Future

It costs millions for traders to learn & digest the facts this is the way how we learn and at the same time it is Expensive.