"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!"
Quote from "Reminiscences of a Stock Operator" by Edwin Lefevre
While market was quiet this morning, I managed to flick through a few pages of the long abandoned "Reminiscences of a Stock Operator". It's not easy to stay focus reading the story book. At one point the phone kept ring; at the same time overheard others conversation. Thanks for teaching me to be multi-tasking!
I'm still far far away from finishing the book, but one thing keep me interested was how the author wrote about Livingston's trading history. He mentioned about how he made money when he was aged 14; and how he lost all his fortune as well. He also mentioned that stubbornness actually made him lost lots of money; and said that one who is trading should not bet the market, but bet the price. Maybe when I finish reading the book, I'll have a different perception towards trading strategy.
Just got a message from my media friend, according to her, BN won the election at one of the three places. So, what will happen to our market tomorrow? Is the market going to fly to 950 or like what Mr. Ha said 1000, or will it turn the other way for seller to get out? We'll shall see.....
-Jinn-
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