Since Wednesday was PI day (3.14), I thought I might update my PI trade article, says Dave Landry, f...
They Simply Tire You Out, Till You Give Up and Sell
07/21/2015 6:00 am EST
In this video, the staff at Readtheticker.com uses the timeless logic of Richard Wyckoff to illustrate that—in the psychological game of trading—the markets will always try to tire or shake a trader out of a position but that the informed trader can combat this over time.
Mr. Market has many tricks and one is a marathon. The long wait till are market changes from a downtrend to a bull trend or visa versa. The smart operators hold the market till last moment before any change of behavior is allowed.
"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." ~ Jesse Livermore
"it is better to have few stocks and to watch them carefully." ~ Bernard Burach
"The stock market is filled with individuals who know the price of everything, but the value of nothing."~ Philip Fisher
"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffett
"How many millionaires do you know who have become wealthy by investing in savings accounts?" ~ Robert G Allen
By the staff at Readtheticker.com
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