Spectur IPO by Alto Capital, page-397

In my 20s I used to stress over daily movements. No good for anyone. I got wiped out in the 1987 crash. Mid 20s I thought I knew it all. I had no idea at the time that I knew so little. Many, many years later I picked up this book and it changed my life. I still "trade" a bit but my bread and butter is looking for and finding 10, 20, 50 baggers. You don't need many. I am in SP3 average 13c. I believe it's a 20+ bagger from there.

https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operator

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”

“He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.”

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”


I'll sum it up in four words. "Be right and sit tight".