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.

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.

Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.

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.

A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."

No one ever went broke by taking a profit.