Reminiscenes of A Stock Operator (notes)

Whatever happeneds in the stock market today has already happened before and will happen again.
- I record my hits and misses.
- Your business with the market is now not tomorrow.
-Act instantly or be left.

- The Market looked promissing, but suddently market is doing its hesitating. Instead of feeling confident, be on guard against what was coming.

- Don't Do Things Blindly. Stick with the trading plan. I always made money when I was sure I was right before I began.

- Play the market only when I was satisfied that precedent favored my play.

- Not all day is the best day to enter a trade.

- Think that when this trade is right it will cover couple of days salary or income. Do not think that you must take home money everyday.

- A Trader has to fight a lot of expensive enemies within Himself.

- Don't trade the market ignorantly.
- Limit losses when the trade is wrong.

All my life I have made mistakes, but in losing money I have gained experience and accumulated a lot of valuable don'ts. I have been flat broke several times, but my loss has never been a total loss. I always knew I would have another chance and that I would not make the same mistake a second time. I believe in myself.
A man must believe in Himself and is judgement if He expeal to make a living at this game. When a man is right He wants to get all that is coming to Him for being right.

One can see the whole better when one sees it from a little distance.

If market/Pair doesn't act right don't touch it; because, being unable to tell precisely what is wrong you cannot tell which way it is going. No diagnosis, No prognosis, No prognosis, No Profit.

When I lost it was because I was wrong and not because I was suffering from dissipation or excesses.

I couldn't afford anything that kept me from feeling physically and mentally fit.

As young man I never kept late hours, because I could not do business properly on insufficient sleep.

Let the profit run, coz you anticipate the move, Let it prove you are right, but don't let your guard down for unexpected.

Look for general conditions or trend long-term market.

I follow my own inclicnation.

Tips: Divide the lots to prove the right direction or right entry.