Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

It takes a man a long time to learn all the lessons of all his mistakes.

He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

When a man is right he wants to get all that is coming to him for being right.

People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.