"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."
--Mark Twain
"It's no coincidence that three of the top five stock options traders in a recent trading contest were all former Marines."
--Robert Prechter, Jr., Elliott Wave Theorist
Jesse Livermore:
"From my point of view, the investors are the big gamblers. They make a bet, stay with it, and if all goes wrong, they lose it all."
"If a stock 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."
"The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements."
"It took me five years to learn to play the game intelligently enough to make big money when I was right."
"A man must believe in himself and his judgment if he expects to make a living at this game."
"The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think."
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
Warren Buffet:
"The first rule is not to lose. The second rule is not to forget the first rule."
"If past history was all there was to the game, the richest people would be librarians."
"Risk comes from not knowing what you're doing."
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
Peter Lynch:
"Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it."
"Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it."
Benjamin Graham:
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks."
"I'm a great believer in luck, and I find the harder I work the more I have of it."
--Thomas Jefferson
