“STUDY: The person who will not work hard and STUDY and pay in advance for success will never get it. If you will put in the time, study and go over the records of at least 250 stocks for many years back, you will be convinced that the rules work and that you can make […]
Tag: trading
The Role of Supply and Demand in Market Trends
“Remember that supply and demand govern prices. When prices move up to new high levels, there is somebody buying, and it is useless to buck the trend. The same applies when a market is declining. When a market works down to lower levels than it has been for a long time, the selling pressure is […]
The Cyclical Nature of Markets: Understanding Booms and Busts
“Just as sure as young generations come along from time to time, we will continue to have BOOMS in business, BOOMS in the STOCK MARKETS and COMMODITIES, LAND BOOMS and other wild WAVES of speculation. Youth has to be served and young nature has to have its fling. That is why HISTORY REPEATS, because HUMAN […]
Understanding How the Tape Can Mislead You
“The tape does not fool traders. The traders fool themselves, because when the market is moving very fast and stocks or Commodity is moving up very fast, it increases the imagination of the man who is watching the market too closely. It causes him to become too optimistic and have too much hope, and he […]
The Essential Role of Knowledge in Achieving Trading Success
“KNOWLEDGE BRINGS SUCCESS. There is only one key which unlocks the door to big profits and that key is KNOWLEDGE. You cannot get knowledge without work. I have made a success by hard work and you, too, can make plenty of profits out of the Stockmarket if you study and work hard enough. Work is […]
The Importance of Proven Rules in Trading
“First, prove to yourself that the rules that I give you are good. They have worked in the past and they will work in the future. The rules given in this book are practical rules. They have cost me forty years of experience and hundreds of thousands of dollars to learn. I KNOW they will […]
The Power of Studying Price Movements
“If you study price movements correctly, they will tell you more about what the market is going to do than any broker, newspaper, or so-called inside information. The time period is the most essential, because time tells what prices are going to do.” Understanding price movements and the importance of time periods is crucial for […]
Trading on Knowledge: Eliminating Fear and Hope
To be a successful trader, you must learn to trade based on knowledge, eliminating fear and hope from your decision-making process. When you are no longer influenced by these emotions and are guided by solid knowledge, you will have the confidence to trade effectively and make profits. By understanding the past history of a stock, […]
The Importance of Self-Education in Managing Your Finances
“No matter what business you are interested in, learn all you can about it. The most important thing outside of your health for you to protect is your money. Therefore, take time to study. Prepare yourself to handle your money yourself and do not depend forever and entirely upon others.” This advice underscores the critical […]
Reflecting on Losses in Stock Trading
To those of you who have traded stocks and have lost money, I ask you this question: “Did you ever stop and consider WHY you have lost money?” If you have, you must answer honestly that you have lost money because you were guessing, following brokers’ opinions, or following someone’s advice who thought he knew […]
The Continuous Journey of Learning in Trading Commodities and Stocks
After 24 years of studying stocks and commodities, you’ve come to realize that the learning process never truly ends. This mindset is crucial for anyone involved in trading or investing. Continuous learning, observation, and analysis are the keys to understanding market movements and making informed decisions. Here’s an exploration of the insights and wisdom gathered […]