“The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. It is absolutely wrong to gamble in stocks the way the average man does.”
This quote is from Reminiscences of a Stock Operator; a gem of a book that is stuffed with profound trading lessons.
This book is a brilliant reminder that throughout time, markets don't change and neither do the people who trade in markets.
For under $15, you can buy this on Amazon and learn the lessons that traders had to pay millions of dollars for in “market tuition.”
The best investment is one in yourself.
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