Wisdom from Worthy Individuals

“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.” – Martin Zweig

“To be a money master, you must first be a self-master” – J. P. Morgan

“Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius

“Buy that which is showing strength – sell that which is showing weakness.” – Richard Rhodes

“The rule of survival is not to “buy low, sell high”, but to “buy higher and sell higher.” – Richard Rhodes

“Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.” – Richard Rhodes

“Be impatient. As always, small loses and quick losses are the best losses.” – Richard Rhodes

“Never, ever under any condition, add to a losing trade, or “average” into a position.” – Richard Rhodes

“When sharp losses in equity are experienced, take time off. The mind can play games with itself following sharp, quick losses.” – Richard Rhodes

“When trading well, trade somewhat larger. Trade aggressively and trade larger.” – Richard Rhodes

“Think like a guerrilla warrior. Fight alongside the winning forces. If neither side is winning, then we don’t need to fight at all.” – Richard Rhodes

“Markets form their tops in violence; markets form their lows in quiet conditions.” – Richard Rhodes

“The final 10% of the time of a bull run will usually encompass 50% or more of the price movement.” – Richard Rhodes

“My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.” – Burt Dohmen

“Those who have knowledge don’t predict, and those who predict do not have knowledge.” – Lao Tzu

“Never hesitate to add shares in a stock that is moving higher but always avoid averaging down.”

“Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Marty Schwartz