Quotes from Gil Morales

ECKHART TOLLE: HELPING PEOPLE ACHIEVE INNER PEACE AND GREATER FULFILLMENT, A PREREQUISITE TO OPTIMIZED TRADING AND LIVING

The winning investor's objective should be to have one or two big winners rather than dozens of very small profits" (How to Make Money in Stocks, 4th ed. [New York: McGraw-Hill, 2009], 274).

You start making big money in the market and you think you know something—you don't know anything! It's the market that knows something, not you!

There have been many times when I, like many other speculators, have not had the patience to await the sure thing. I wanted to have an interest at all times. You may say, "With all your experience, why did you allow yourself to do so?" The answer to that is that I am human and subject to human weakness. —Jesse Livermore, How to Trade in Stocks

Remember that, in reality, there is no failure, only feedback, and that if we learn from our failures, we are actually failing forward.

Jesse Livermore, who declared in How to Trade in Stocks, "I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humans—and human nature never changes" (Greenville: Traders Press, 1991, 96).

If you only want to make average market returns, then scale your positions to a very small size, and your portfolio will act very much like a market index.

Never let the truth become your enemy.