"Reminiscences of a Stock Operator" excerpts:

Clearly, what we should do is: be bullish in a bull market and bearish in a bear market. This sounds funny, doesn't it?

But we must firmly grasp this basic principle to understand the significance of putting it into practice, which lies in predicting possibilities.

It took me a long time to learn to adhere to these principles when trading.

When I was no longer satisfied with just studying the market trends, I stopped focusing solely on the daily fluctuations of individual stocks. Once I achieved this, I had to change my perspective to study the trading game.

I shifted from studying price fluctuations to studying the fundamentals of the market.

Of course, for a long time I had been accustomed to reading various market information daily, and all traders do this.

But most of the information is gossip, some are erroneous messages created by people, and some are personal opinions of the authors.

You need to trust your own judgment.