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All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope.That is why the numerical formations and patterns recur on a constant basis.All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope.

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In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

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Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses.

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The only thing to do when a person is wrong is to be right, by ceasing to be wrong. Cut your losses quickly, without hesitation.

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He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.

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The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

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Play the market only when all factors are in your favor.

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Losing money is the least of my troubles.

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

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The “lucky” trader is one who minimizes mistakes and, if they do make a mistake, acts to minimize the damage by exiting from the situation quickly.

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