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Non-Tech : Moguls Mantra to the Markets -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (202)	2/21/2004 3:37:14 PM
From: $Mogul	Respond to of 220

Memorable Quotes from How to Trade In Stocks --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- To speculate successfully, one must form an opinion as to what the next move of importance will be. Speculation is nothing more than anticipating coming movements. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Don't back your judgement UNTIL THE ACTION OF THE MARKET ITSELF CONFIRMS YOUR OPINION. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- After forming an opinion do not be too anxious to act on it. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Speculation is very similar to playing cards,poker,bridge or similar game. Each of us is possessed with the common weakness of wanting a hand in every pot. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The speculator who insists on trying to profit from daily minor movements will never be in a position to take advantage of the next important change marketwise when it occurs. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Remember to that it is dangerous to start spreading out all over the market. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- One major mistake is the urge to enrich themselves in too short a time. Instead of taking two or three years to make 500% on their capital, they try to do in one or two months. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ When a speculator is fortunate enough to double his original capital he should at once draw out one half of the profits to be set aside as reserve. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- "Rome was not built in a day" and no real movement of importants ends in one day or in one week. It takes time for it to run its logical course. It is significant that a large part of a market movement occurs in the last 48 hours of a play, and that is the most important time to be in it. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ In making speculation a business, one automatically keeps an eye on all markets for the big opportunities. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Bear in mind that of the millions who speculate in all markets only a few devote their entire time to speculation.