The Stock Market Wizard—Classic Quotes from "Reminiscences of a Stock Operator" (Part 1)

Chapter 1

I don’t have followers; I think independently. I trade alone. No one can stop me from making mistakes. There’s no need to share my trades with others—trading belongs to me alone.

I need to keep verifying that I’m right.

In the stock market, what happens today has happened before, and it will happen again in the future.

Chapter 2

I’ve never lashed out at the stock market. I don’t argue with the broader market. Being angry at the market brings you no benefit at all.

The betting exchange won’t let customers develop that nasty habit of always making money.

I earned a lot in my account, and in the end I lost it all. The reason is that my actions on the betting exchange were too successful.

A stock trader must fight the enemy within their own mind.

If you ignore the market’s basic trend and focus only on trading nonstop, you’ll ultimately end up defeated.

What beat me was that I always lacked the resolve to stick to my own game rules—this is also why those supposedly professional Wall Street traders, with their level of professionalism and intelligence beyond ordinary people, failed.