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| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
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09-25-2006, 12:47 AM
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Some Good Wyckoff Quotes
"A DOUBTFUL egg is nearly always a bad egg."
"Sometimes it is scientific to go with the crowd; at other times it is scientific to go against the crowd. The main thing is to be right." "Reading all the financial news and evaluating it will avail you nothing. The market may rise on bad news and go down on good news. Then where are you?" "The Tape is the best guide... The Law of Supply and Demand never fails and it is the only safe guide under these extraordinary conditions. No one can judge the probable trend of the market from the study of fundamental statistics, economic changes or political development, with any continued success."
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James Lee TradersLaboratory.com ----------------------------- Empowering traders with knowledge. Please support TL by visiting our sponsors. Thanks! 
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12-02-2006, 11:49 PM
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Re: Some Good Wyckoff Quotes
Yep, Soul, I am buying the book. I like the guy already. Thanks for the quick insight. I just got my Mind Over Markets in the mail tonight when I got home. So Wyckoff is next...
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12-03-2006, 08:39 AM
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Re: Some Good Wyckoff Quotes
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05-18-2008, 05:36 AM
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"The tape is like a moving picture film. Every minute of the day it is demonstrating whether supply or demand is the greater. Prices are constantly showing strength or weakness: strength when buyers predominate and weakness when the offerings overpower the buyers. All the various phases from dullness to activity; from strength to weakness; from depression to boom, and from the top of the market down to the bottom – all these are faithfully recorded on the tape. All these movements, small or great, demonstrate the workings of the Law of Supply and Demand. By transferring to the charts portions of what appears on the tape, for study and forecasting purposes, one is more readily enabled to make deductions with accuracy."
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05-18-2008, 05:37 AM
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The best inside information is on the tape. I would rather follow its indications than act on a tip from J.P. Morgan himself.
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05-18-2008, 05:37 AM
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You need never read anything on the financial page of your newspaper except the table of stock prices and volumes.
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Those who have knowledge, don't predict. Those who predict, don't have knowledge. - Lao Tzu
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