Edwin Lefevre Quotes
It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
One of the most helpful things that any body can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world.
If a man didn't make mistakes he'd own the world in a month.But if he didn't profit by his mistakes he wouldn't own a blessed thing.
When it comes to selling stocks, it is plain that nobody can sell unless somebody wants those stocks.If you operate on a large scale you will have to bear that in mind all the time.
The big money in booms is always made first by the public - on paper. And it remains on paper.
The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.
In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent.
That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.
A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.
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.
There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.
As I have said a thousand times, no manipulation can put stocks down and keep them down.
When you find that it fails to respond adequately to your buying you don't need any better tip to sell.
And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you.
As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.
The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.
