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To: Earlie who wrote (64611)2/5/2001 8:30:59 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
On the folly of trying to catch all of a move...

Paraphrased from Baron Rothschild when asked by an interviewer how he acquired such riches:

I have found an easy way and I stick to it. I simply cannot help making money.
I will tell you my secret if you wish. It is this: I never buy at the bottom
and I always sell too soon.


Along the same lines from Jesse Livermore:

One of the most helpful things that anybody can learn is to give up trying to
catch the last eighth-or the first. These two are the most
expensive eighths in the world