Saved by Harold T. Harper and
Unknown Market Wizards: The best traders you've never heard of
Is the implied rule that if you find a common behavior between markets, you want to sell the one that is lagging as soon as it starts heading down? You absolutely want to put down a bet when a market acts terribly relative to everything else. When the news is wonderful and a market can’t go up, then you want to be sure to be short.
Jack D. Schwager • Market Wizards: Interviews with Top Traders
Security Error | Columbia Business School
www8.gsb.columbia.eduOn a legitimate advance the price should have gone to 310 without stopping. If instead it reacted it meant that precedents had failed me and I was wrong; and the only thing to do when a man is wrong is to be right by ceasing to be wrong.
Edwin Lefevre • Reminiscences of a Stock Operator
You have to continue to be adopting your decision framework. One was whenever I saw a bargain, I should run. It's a sign of no heat. Whenever I did a bargain, I regretted it later. Whenever I was forced to pay up, to date that has been a very good basket of companies