HOPE AND FEAR
I repeat this because I have seen so many people go broke trading on hope or fear.
You will never succeed buying or selling when you hope the market is going up or
down. You will never succeed by making a trade because you fear the market is
going up or down. Hope will ruin you, because it is nothing more than wishful
thinking and provides no basis for action. Fear will often save you if you act
quickly when you see that you are wrong. The fear of the market is the beginning
of wisdom . Knowledge which you can only obtain by deep study will help you
make a success. The more you study past records the surer you are to be able to
detect the trend of the future.