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Posts Tagged ‘Reminiscences of a Stock Operator’

“Reminiscences of a Stock Operator” cheat sheet. Part 2

In Articles on July 16, 2011 at 2:12 pm

Continued from Part 1. “Reminiscences of a Stock Operator” cheat sheet. Part 1
11) Quote: But you find many people, reputed to be intelligent, who are bullish because they have stocks. I do not allow my possessions or my prepossessions either to do any thinking for me. That is why I repeat that I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.
Remarks: Always keep your emotion in check when trading

Read more here “Reminiscences of a Stock Operator” cheat sheet. Part 2

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“Reminiscences of a Stock Operator” cheat sheet. Part 1

In Articles on July 9, 2011 at 6:46 pm

I was recently invited for a proprietary trading company interview after the interviewer was pleased with my response to a questionnaire. My response to “Who do you admire most and why?” was Jesse Livermore. The interviewer casually mentioned another interviewee quoted Hitler to the same question. I was trying not to let out an inappropriate laughter while trying to figure out the intent of the answer. But I digress.

Jokes aside, here are some of the aphorisms of “Reminiscences of a Stock Operator” by Edwin Lefevre to chew on. (Italics indicate quotes from links)

Read more here “Reminiscences of a Stock Operator” cheat sheet. Part 1