Stock Market Wisdom

Posted by Neeraj on 5 March 2010
Last update on 4/22/2010 12:00:00 AM. Total replies 2

Stock Market Wisdom

“Sometimes the best moves happen when nobody can figure out why: so I’m purely interested in basic supply and demand and in the balance that’s there. I don’t care why the market is doing what it’s doing. I’m a purist. I don’t do any fundamentals at all.” Linda Bradford Raschke

“Being wrong in forecasting a market does not mean you have made a mistake. This is a probability business. If your principles are sound you will be right a certain percentage of the time which means that you must be wrong a certain percentage of the time. So being wrong is a consequence of doing the right thing not “making a mistake.” Robert R. Prechter Jr.

“You have to be comfortable being in the minority. If you’re right about the market most of the time you’re going to be in the minority because the majority is usually wrong.” John J. Murphy

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Showing 1 to 2 of total 2 updates for this Investor Education ordered by Latest Updates

Posted by Suraj Bekal on 22 April 2010
Nice one neeraj.... I too share my memory with Anand.

Posted by Anand Kumar on 7 March 2010

“You have to be comfortable being in the minority. If you’re right about the market most of the time you’re going to be in the minority because the majority is usually wrong.” John J. Murphy

Loved this. Long time back read or heard "Buy when everyone else sells and sell when everyone else buys"

Thas why I give calls when stocks are falling or sleeping and sell when stocks move up suddenly. It works 90% of the times.