"How to make money in Stocks" by William O'Neil (founder of IBD Investor Business Daily). Read this book at least 20 times over the next 2 to 3 years.
LB-4-LB the following books are handedly among the most important books on trading/investing in the stock market today. Legend veterans like William O'Neil, Darvas, Thomas Bulkowski, Jesse Livermore, & Dan Zanger: they are true gold mines of wisdom & an education that will empower you to see the forest through the trees.
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“Money is made by sitting, not trading.”
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
“Buy right, sit tight.”
“Nobody can catch all the fluctuations.”
“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”
“It takes time to make money.”
“Don’t give me timing, give me time.”
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