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There is only one side of the market and it is not the bull side or the bear side, but the right side.
Jesse Livermore
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It isn't as important to buy as cheap as possible as it is to buy at the right time.
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A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.
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After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.
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