If you can't take a small loss, sooner or later you will take the mother of all losses.

It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.

I don’t predict a nonexisting future.

Good traders trade. Good letter writers write letters.

I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.

Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.