To be successful, a trader must be patient. A successful trader let’s winning positions run, but is able to swallow his pride and close the trade when it isn’t working. Patience means knowing how to be resilient, courageous, and disciplined when the markets go against you.

Speculation is an intricate dance between risk and reward.

We are all speculators, except when we lose – then we are all gamblers.

Playing the market is the hardest way to make an easy living.

Flow with the market’s directions.

The market is our teacher, and it pays to listen.

The market never lies.

The keys to success are an accurate analysis, a willingness to take risk, and the ability to act.

The more objective and the less emotionally involved you are, the more successful you tend to be.