"When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up." ~Jesse Livermore
Did I say that the stock market is the most volatile of all markets?
I admire traders on how they analyze those numbers that scrolling continuously in those boards during a typical trading. Sometimes, I am still finding my bearing whenever I read the day’s trading results on the paper or online. One thing that I am sure of though, the stock market is so volatile that even experts and seasoned analysts can go wrong in their forecast oftentimes. It is no different from casino gambling.
The trading floor and the casino are much alike in many ways. When you go in any of these, you know that the odds are not automatically stacked against you. Warren Buffet is admirable in always predicting a winnable trade, but he also make mistakes. Although in his case, if he loses 1 million dollars on one portfolio, he usually gain 2 million dollars in another. Still, it is a gamble. Lose some, win some.
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Personal Value and Issues
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