Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.

I began to realize that the big money must necessarily be in the big swing.

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

A man must study general conditions, to seize them so as to be able to anticipate probabilities.

It took me five years to learn to play the game intelligently enough to make big money when I was right.

Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.