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.

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

There are times when you should be completely out of the market, for emotional as well as economic reasons.

When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.

No one ever went broke by taking a profit.