Words of legendry trader

1. Great speculators are always waiting, and always patient. They are waiting for the market to confirm their judgment. Remember, don't trust your judgment until the performance of the market itself confirms your opinion.

2. If you want to make money in speculation, you have to buy and sell the commodities or stocks that show profits at the beginning, and those that float and lose after you buy or sell indicate that you are making a mistake. Generally, if you can’t improve it within three days, sell it immediately.

3. Never share the loss even. Remember this principle firmly.

4. After the price enters an obvious trend, it will automatically run along a specific route throughout the whole trend.

5. When I see a dangerous signal, I don't argue with it. I stay away! In a few days, if everything looks good, I'll come back. In this way, I will save a lot of trouble and money.

6. Remember this: when you're doing nothing, speculators who feel like they have to buy and sell every day are laying the foundation for your next venture, and you'll find opportunity of profits from their mistakes.

7. Just recognize where the trend is, and follow the trend to steer your boat of speculation, you can benefit from it. Don't argue with the market. Most importantly, don't argue with the market.