Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.

I think the works of W.D. Gann and Robert Prechter have inspired me more than anyone else. It was from their writings that I discovered cycles, patterns, and psychology dominate the market, and that the news breaks with the cycles, not the other way around.

The will to survive is not as important as the will to prevail... the answer to criminal aggression is retaliation.

The conclusions seem inescapable that in certain circles a tendency has arisen to fear people who fear government. Government, as the Father of Our Country put it so well, is a dangerous servant and a fearful master. People who understand history, especially the history of government, do well to fear it. For a people to express openly their fear of those of us who are afraid of tyranny is alarming. Fear of the state is in no sense subversive. It is, to the contrary, the healthiest political philosophy for a free people.

Let us remind ourselves again that the Second Amendment of the US Constitution should be referred to as the Statute of Liberty.

Safety is something that happens between your ears, not something you hold in your hands.

It is long been a principal of ours that one is no more armed because he has possession of a firearm than he is a musician because he owns a piano. There is no point in having a gun if you are not capable of using it skillfully.