Courtesy of Read the Ticker.
Buying something at good value is a good approach, however it is another approach to know when to enter and exit the market, enter Wyckoff logic. If You ‘know nothing’ of Wyckoff logic is a good time to start.
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Investing Quote…
..“The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing upon you, and you must get into the frame of mind where you are in reality taking your orders from the action of the market itself — from the tape.”…
Richard D. Wyckoff
…“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”…
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..
Philip Fisher
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
