I Believe The Very Best Money Is

There Is No Training, Classroom Or Otherwise, That Can Prepare For Trading The Last Third Of A Move, Whether It's The End Of A Bull Market Or The End Of A Bear Market.

The Whole World Is Simply Nothing More Than A Flow Chart For Capital.

Fundamentals Might Be Good For The First Third Or First 50 Or 60 Percent Of A Move, But The Last Third Of A Great Bull Market Is Typically A Blow-off, Whereas The Mania Runs Wild And Prices Go Parabolic... There Is No Training, Classroom Or Otherwise, That Can Prepare For Trading The Last Third Of A Move, Whether It's The End Of A Bull Market Or The End Of A Bear Market.

First If All, Never Play Macho Man In The Market. Second, Never Overtrade. My Major Problem Was Not The Number Of Points I Lost On The Trade, But That I Was Trading Far Too Many Contracts Relative To The Equity In The Accounts That I Handled.

The Concept Of Paying One-hundred-and-something Times Earnings For Any Company For Me Is Just Anathema. Having Said That, At The End Of The Day, Your Job Is To Buy What Goes Up And To Sell What Goes Down So Really Who Gives A Damn About Pe's?