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

I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.

In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

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.

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

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.

Never buy at the bottom, and always sell too soon.