Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

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

At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.

It isn't as important to buy as cheap as possible as it is to buy at the right time.

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

I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.